On 14 July 2022, Ecuador's National Assembly approved the ratification of the pending tax information exchange agreement with the United States. The agreement, signed 7 April 2021, is the first of its kind between the two countries and will enter into force one month from the date of receipt of Ecuador's written notification to the United States that Ecuador has completed its necessary internal procedures for entry into force of the agreement. The provisions of the agreement will have effect for requests made on or after the date of its entry into force, without regard to the taxable period to...