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Ecuador and the United States sign Tax Information Exchange Agreement

26 April 2021

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Tax Alerts, Information Reporting, Legis...

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United States, Ecuador

The tax information exchange agreement will allow Ecuador and the United States to exchange tax information, which tax authorities from both countries believe will achieve tax transparency and prevent tax evasion.On 7 April 2021, Ecuador and the United States signed a Tax Information Exchange Agreement (TIEA).Background                                                  According to the tax authorities from both countries, this agreement will allow both countries to effectively exchange information to achieve tax transparency and prevent tax evasion.The TIEA is not in force yet. It is under the review of the Constitutional Court in Ecuador.Information to be exchanged The competent authorities of the contracting parties...