Ecuador has legislated to revise advance corporate income tax payment requirements, providing that tax can be paid over five months, with the full balance paid up to two months later than previously.

Under the previous rules, companies were required to pay their tax liability in two instalments, in July and September.

Under the new rules, set out in Decree no. 805 dated June 25, 2019, payment should be made every month, in a total of five instalments, due between July and November.

The change does not affect the date on which payments should be made. This date is based on the final digit of the taxpayer’s taxpayer ID – it’s RUC. Under these rules, payment is due by the 10th at the earliest, for taxpayer IDs ending in the digit 1, and by the 28th at the latest, for those taxpayers with IDs ending in 0.

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