On 5 May 2015, the Ecuadorian government published a new tax amnesty law in the country's Official Gazette. The tax amnesty applies for tax obligations arising up to 31 March 2015.

If the tax due is fully paid within 60 days of publication of the law in the Official Gazette (by 28 July), 100% exemption from interest and penalties for late payment is provided. If paid after 60 days up to 90 day…