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