Ecuador published the Law of Simplicity and Tax Progressivity (Law No. SAN-2019-1270) in the Official Gazette on 31 December 2019, which includes tax reform measures for 2020. Key measures of the law include:

• The introduction of a temporary additional corporate income tax on companies whose gross income exceeded USD 1 million in the 2018 fiscal year that is payable for fiscal years 2020, 2021…