OrbitaxOrbitax

Ecuador Provides 0% Remittance Tax Rate for Pharmaceutical Sector and Imports to Mitigate Impact of Ongoing Energy Crisis

|Approved Changes|Ecuador
Ecuador

Ecuador has amended the rates of remittance tax on foreign currency outflows (ISD) for the 2025 fiscal year. This includes a 0% ISD for tariff subheadings in the pharmaceutical sector and a 2.5% rate for other productive sectors. Further, a temporary 0% ISD is rate is provided for critical imports to mitigate the ongoing energy crisis during January, February, and March 2025.

Continue Reading