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Ecuador Publishes Law Containing Package of Relief Measures

17 December 2024

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Approved Changes

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Ecuador

Ecuador published the Organic Law for Financial Relief and Economic Strengthening of Generations in Ecuador on 9 December 2024. Some of the main measures include: An income tax credit for companies that maintain or expand their workforce from October to December 2024 that is equal to a percentage of the social security contributions made during that period as follows, depending on the size and gross receipts of the company: Large companies - 5% to 15% Medium companies - 20% to 30% Small and micro companies - 35% to 45% Medium banks - 5% to 10% Small banks - 15% to...