- The SRI has issued a new circular for commercial land transportation, excluding taxis
- The circular requires mandatory invoicing for all services provided
- Only authorized transport companies can provide services and issue invoices
- Commercial land transport services meeting the new rules will be exempt from VAT
- Heavy cargo vehicles are not covered by the circular
- The goal is to ensure all income is declared and taxes are paid, as well as protect consumers
- Transporters must affiliate with an authorized operator, issue invoices for each trip, and keep detailed records
- Compliance with the circular allows legal and transparent operation, with VAT exemption for transporters in Ecuador.
Source: russellbedford.com.ec
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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