#TIE = 'This is Ecuador' and as my old Relocation Guide to Ecuador used to pound into my head:)
- 'To Always allow for the #EcuaFactor '
"Paying Taxes in Ecuador --
First, disclaimer, I am not an accountant or tax attorney and the information I am sharing is just a courtesy and not a service.
That being said --
There seems to be a major level of concern by expats regarding the Impuesto a la Renta (Income Tax) in Ecuador this year.
Tranquilo, it is Ecuador -- this is not a new law, it has always existed, and if you earn an income here in Ecuador that is paid in Ecuador then yes, as always, there is an income tax.
It does not effect most expats because they are either receiving income from pensioner or social security benefits that are paid by heir country of origin. If you work online, then chances are you are paying taxes
and other requirements from income that is connected to either the country of the company you work with or the company through which you receive your payments.
If you work in Ecuador, get paid in Ecuador, or earn funds through income property or businesses in Ecuador, then you pay Ecuador income tax.
How much do you need to pay if you fit into the second category above?
That information is published widely including here:
https://www.primicias.ec/noticias/economia/impuesto-renta-declaracion-marzo2024
Has the rate increased? Yes, due to higher costs in security for the country.
But what about paying in time?
Tranquilo -- this is Ecuador -- and the rates while agreed on for the most part are still being hashed out by the various groups and parties that make up the robust legislature of Ecuador.
No one wants to pay more, and many can't pay more, and it will take some time to get everything sorted out and into whatever computer systems will be recording payments.
So what does this mean for everyone?
There may be a change in your future where you might have to pay something for income gained in country.
But like everything in Ecuador, it won't happen overnight and it will change and evolve a number of times before being codified and enforced.
Finally -- a word of warning and advice (take it or leave it as you feel fit): Whenever there is a change that gets big coverage and elicits grave concern amongst the expats,
especially the newer ones, there will appear an entire instant-industry to give advice, help with the paperwork, and generally grift off the anxiety of the masses. Don't fall for it.
Take advantage of any information being provided to your community but do not automatically assume what you are being told is correct, legally sound, or applicable to your situation.
A lot can happen and for the most part until the situation is clearly outlined such that the common man of Ecuador can comprehend the rules, it is very unlikely for the rules to be strictly enforced.
And honestly Ecuador lacks the manpower for enforcement with most of Ecuador's energy going back to the cause of this tax hike, the situation with drug cartels, which takes upon the majority of the of the country's attention and energy at this time." - by the SS agent🪖
🤠iffin you gonna move down or remain in Ecuador on into 2025, get prepared for whats a coming down the pike🥷🏼its not and has not been just a Coastal & #GYE thang, its also a Sierra & Metro #Quito Thanggy as well👮🏻♂️💰
My 2025 NewYears Resolution is more time out on the La G range, zz style, 🎸🥁🎸 cuzz (imho) we gonna dang sure be a needin it🥷🏼if anybody wants to no longer be an outlaw? Call me to join our Qtowne Quito gun club and get legal to tote with a 55hr CCW Course,
now a days The CCW is pretty much streamlined down to this:
plan on about $300 for to join the gun club,about $200 or up to $300 for the CCW course,about $300 for psyche, psycho and toxico exams,
a 9mm Taurus for say $1200.
a 9mm CZ for say $1500.
aprox $80 to $100 for a box of 50rds 9mm FMJ
i see peeps now a days getting legally armed in about a 3-4 months time frame, kinda like a tuff assed visa process!
'Always be prepared' - BSA & SA,
"When guns are outlawed, only outlaws will have guns" - Louis L'Amour (1908-1988) Western novelist of ...
01JUL25 - SOUTHCOM’s TMPI: Towards Integrated Deterrence in the Americas by Building Maintenance Capacity- #ECUADOR - "Analyzing Ecuador’s foreign policy trajectory over the past two decades is pertinent to illuminating the region’s evolving political and security landscape. During President Rafael Correa’s administration between 2007 and 2017, Ecuador pivoted by severing its military relations with the US.
This comprehensive shift included ordering the closure of the security cooperation office in the US Embassy and honoring but not renewing the lease term for the Manta Air Base, causing the withdrawal of approximately 300 US military personnel stationed there.
However, this period of strained relations was followed by the re-establishment of the Office of Security Cooperation (OSC) in 2018, signaling a potential shift that ultimately materialized with new military cooperation agreements signed with the US in 2023 under President Lasso and ratified in 2024 by President Daniel Noboa. ...
25JUN25 "Ecuadorian President Daniel Noboa announced this Thursday the capture of Adolfo Macías Villamar, alias "Fito ," considered the leader of the Los Choneros organized crime group.
"For those who opposed and doubted the need for the Solidarity and Intelligence laws : thanks to those laws, Fito was captured today and is in the hands of the Security Bloc," the president posted on the social network X.
"We have done our part to proceed with Fito's extradition to the United States , and we await your response. Have a good afternoon, Ecuador," Noboa added.
The criminal leader had been on the run for over a year and a half , after escaping from the Guayaquil Regional Prison and hiding his tracks while the country was engulfed in a spiral of violence, culminating in the brief takeover of a television station.
'Fito,' who was serving a 34-year sentence for organized crime, drug trafficking, and murder , escaped on January 7, 2024, as he was about to be transferred to La Roca, a ...
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