Ecuador Provides Guidance on Requesting a Higher Deduction Threshold for Certain Related Party Expenses
Ecuador has set out the process for a consultation request for taxpayers seeking to apply a higher threshold for the deduction limit on expenses for certain services paid to related parties.
The deduction limit rules were introduced in the Organic Law to Promote Production and Prevent Tax Fraud published 29 December 2014, and generally apply from 1 January 2015. Under the rules, the deduction…
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