The Ecuadorian Official Gazette Aug. 10 published Resolution No. NAC-DGERCGC21-00000037, establishing the rules for withholding of 100 percent of VAT by specified entities and agencies. The resolution includes measures: 1) providing the list of entities that must act as VAT withholding agents; 2) clarifying that taxpayers should withhold 100 percent of VAT in their accounts and not transfer it to the internal revenue service; and 3) explaining the reporting procedure for declaration of withheld VAT values. The resolution enters into force the same date. [Ecuador, Official Gazette, 08/10/21]
Reference:
View Resolution No. NAC-DGERCGC21-00000037. View Index. View Announcement. ...
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