Ecuador Establishes 100% VAT Withholding Requirements for Government Entities and Universities
Ecuador's Internal Revenue Service (SRI) has published Resolution NAC-DGERCGC21-00000037 of 31 July 2021, which establishes rules for 100% withholding of VAT by government entities and universities. This includes that the following taxable persons are required to act as withholding agents:
- The entities and agencies of the central government, their decentralized bodies, and their public (state…