Ecuador's Internal Revenue Service (SRI) has issued Resolution NAC-DGERCGC24-00000033, which establishes the content, conditions, deadlines, and exceptions for the Report of Final Beneficiaries and Corporate Composition (Reporte de Beneficiarios Finales y de Composición Societaria - REBEFICS). The resolution applies to all Ecuadorian companies, as well as branches and permanent establishments of foreign companies and permanent establishments. The resolution also applies to trusts, fiduciary agreements, and other similar legal arrangements where the administrator or trustee resides in Ecuador, or the trust is managed within Ecuador. The REBEFICS is essentially a consolidation of the report on final beneficiaries as per Resolution NAC-DGERCGC22-00000046...