Ecuador amends tax retention rules for financial entities

Ecuador's Ministry of Economic Development and Productivity amended Ministerial Agreement No. 030, and the Internal Revenue Service issued resolution NAC-DGERCGC26-00000034, establishing new rules for the fulfillment and communication of values retained or seized by financial entities and popular and solidarity economy entities. The change is procedural, affecting compliance and reporting obligations for financial institutions. It is a routine regulatory update with no immediate market impact.