Sunday, February 16, 2020

Ecuador eliminates Dividend Tax Exemption as Part of Tax Reform 2020

The Ecuador tax reform 2020 eliminates tax exemption on dividend, amends Value-Added Tax (VAT) and limits the application of thin-capitalization rules to cross-border and intercompany loans. Income Tax Tax exemptions for dividends distributed by Ecuadorian entities are revoked and withholding tax will be levied on dividends distributed to non-residents. The applicable tax rate would be […]

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