- Through resolution NAC-DGERCGC24-00000028, the SRI establishes the conditions, procedures and percentages of income tax withholding in the commercialization of concentrates and/or metal elements, as well as in the production and commercialization of mineral substances that come from a mining concession.
- The withholding percentages for marketers may be 2%, 4% and 10% and for concessionaires 1%, 3% and 7%. As of August 1, 2024, holders of marketing licenses and mining concessions, as well as those who have entered into operating contracts, must add to the proof of sale in the “Description” or “Additional Detail” fields, the following information: Main and secondary Mineral Content, Percentage payable, Sale price, Date of quotation of the concentrate and/or metal element, Export Customs Declaration Number.
Source Sovos
Click on the logo to visit the website
Latest Posts in "Ecuador"
- Mandatory Changes to ROS, NO ROS, and ATEM Reports Under New UAFE Resolution 2026
- Ecuador Updates VAT Rules for Digital Services: Key Requirements for Providers and Intermediaries
- Ecuador SRI Mandates Simultaneous VAT Filing and Payment Electronically from June 2026
- VAT Guidelines for Digital Sports Betting Services in Ecuador: Circular NAC-DGECCGC26-00000004
- Ecuador Imposes 15% VAT on Digital Services: Key Rules for Providers, Intermediaries, and Users
