Ecuador published an executive decree in the Official Gazette on 23 December 2021 that provides for a phased reduction in the remittance tax (ISD) from 5% to 4%. This includes a reduction to 4.75% from 1 January 2022, 4.50% from 1 April 2022, 4.25% from 1 July 2022, and 4.0% from 1 October 2022.