Reminder of May 2019 Obligations

We remind that the following obligations must be met in May 2019 in Ecuador

• Filing of Assets and Liabilities Annex by companies and permanent establishments

Companies incorporated in Ecuador and permanent establishments domiciled in Ecuador of non-resident foreign companies having foreign assets and liabilities in excess of US$500,000 as at January 1 of each year are required to file the Assets and Liabilities Annex.  The annex must be filed in May, according to the ninth digit of the Taxpayer Registration (“RUC”) number, through the Internal Revenue Service website.

• Filing of Assets Declaration:

All national and foreign individuals resident in Ecuador who have assets in excess of 20 income tax-free basic allowances ($226,200.00 in 2019) and who have community property of husband and wife or a domestic partnership with common assets in excess of 40 income tax-free basic allowances ($452,400.00 in 2019) must file an assets declaration.
The annex must be filed in May, according to the ninth digit of the Taxpayer Registration (“RUC”) number, through the Internal Revenue Service website.

• Filing of Dividends Annex:

Dividend information for the current fiscal year must be filed. Profits are calculated by subtracting the following items from profit according to accounting records: employee profit-sharing, income tax expense for the fiscal year, and reserves.


Liable parties are:

• Companies resident or established in Ecuador, including mixed-economy companies, in respect of: (i) profit generated during the reporting period; (ii) profit in previous periods that is pending distribution as at January 1 of the reporting period; and (iii) dividends distributed during the reporting period.
• Organizations under the Organic Law on the Grassroots and Solidarity Economy and the Grassroots and Solidarity Financial Sector will file the annex only for the profits that have been defined as such for this particular group.
• Companies resident or established in Ecuador and individuals resident in Ecuador, concerning information on dividends distributed during the reporting period, originating from foreign companies that are not resident or established in Ecuador.

The annex must be filed in May, according to the ninth digit of the Taxpayer Registration (“RUC”) number, through the Internal Revenue Service website.

• Filing of the COPCI Tax Benefits and Incentives Annex:

Those who have applied tax benefits and incentives under the Organic Code on Production, Trade and Investment (“COPCI” in Spanish) – specifically in connection with income tax, advance income tax and overseas remittance tax applied in the previous tax year – must file this annex, which comprises all events, operations and/or transactions made in Ecuador or abroad.
The annex must be filed in May, according to the ninth digit of the Taxpayer Registration (“RUC”) number, through the Internal Revenue Service website.


Filing Deadline:

Tax filings required in May 2019 shall be made according to the ninth digit of the RUC number, as follows: