On 21 November 2019, a new draft tax reform law, the Law of Simplicity and Tax Progressivity, was presented in Ecuador's National Assembly following the rejection of the previous draft reform law on 17 November ({News-2019-10-30/P/2-previous coverage}). Although the previous draft was rejected, similar tax measures are included in the latest draft, including:
- The introduction of a temporary additional corporate income tax at progressive rates of 0.10% for 2020, 0.15% for 2021, and 0.20% for …