Ecuador Tax Agency Updates Procedures for VAT Withholding Refund Requests

• Ecuadorian Tax Agency issued Resolution No. NAC-DGERCGC24-00000016 regarding refunding tax credits from VAT withholding at source
• Changes include new documentation requirements for tax credit refund requests
• Monthly VAT declarations required for taxpayers under Simplified Regime for Entrepreneurs and Popular Businesses
• Withholding invoices must be submitted in a digital spreadsheet list
• Revised copies of legal representative appointment required
• Ledger of VAT withholding account at source required for taxpayers keeping accounting
• Tax credit refund requests must be presented for monthly periods in chronological order
• Accumulation of refund requests for up to 12 periods removed
• Changes to notifications, requests for additional information, and exceptions to electronic documentation requirements
• Resolution enters into force upon publication in the Official Gazette

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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