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Tax Compliance

Based on current Ecuadorian legal dispositions, we perform tests of
compliance with tax obligations and other controlling authority requirements in
the following areas:

 

Income Tax, Employee-Profit Sharing, Income Tax Withholdings at
Source 

 

Compliance review with legal tax dispositions applicable to the current tax year,
including principally the following:

  • Income tax returns for the prior and current year
  • Tax reconciliations for the prior and current year, identifying principal
    reconciliation items: exempt income, non-deductible expenses and
    other reconciliation items.
  • Withholding at source returns
  • Compliance with withholding agent dispositions


Value Added Tax - VAT

 

Compliance review with legal tax dispositions applicable to the curent year,
including:

  • Monthly VAT returns
  • Compliance with dispositions as receiving and paying agent
  • Calculating and supporting tax credits


Sales and Withholding Voucher Regulation

 

Compliance review with principal dispositions established by the Regulation,
including principally a review of the following:

  • Sales vouchers and other documents issued by the Company
  • Withholding vouchers
  • Bills of lading


Other taxes and contributions

 

Compliance review with other taxes and contributions, such as:

  • Municipal Patents (licenses)
  • Taxes on assets
  • Contribution payable to the Superintendency of Companies