SRI.- REGULATIONS FOR THE APPLICATION OF THE EXCEPTIONAL PAYMENT PLAN FOR TAXES WITHHELD OR RECEIVED
On January 10, 2025, the Internal Revenue Service (SRI) issued Resolution No. NAC-DGERCGC25-00000001, which issues the regulations for the application of the exceptional payment plan for taxes withheld or received [that are in arrears, until October 31, 2024]. Below, we summarize its content. 1. Taxpayers may access the exceptional
Read MoreSUBMISSION OF INFORMATION OF FOREIGN PARTNERS OR SHAREHOLDERS OF COMPANIES SUBJECT TO THE CONTROL OF THE COMPANIES LAW
As part of the annual obligations of companies subject to the control of the Superintendence of Companies, Securities and Insurance that maintain foreign partners or shareholders, the legal representatives of such companies must submit to the control entity, until February 2025, the following information: a) Overview. –
Read MoreREGULATIONS FOR THE APPLICATION OF THE INTERNAL TAX REGIME LAW
The second supplement to Official Gazette No. 709 dated December 23, 2024, publishes Executive Decree No. 487 containing amendments to the Regulations for the Application of the Internal Tax Regime Law, referring to the Single Income Tax on Sports Betting Operators. Below, we summarize its content. 1.- The reform
Read MoreSRI.- INCOME TAX TABLE 2025
On December 18, 2024, the Internal Revenue Service – SRI issued Resolution No. NAC-DGERCGC24-00000041, through which it updates the tables to settle the Income Tax of natural persons, undivided inheritances, inheritances, legacies, donations, findings and any type of act or contract by which the ownership [a título gratuito] of
Read MoreVAT.- TEMPORARY REDUCTION (TOURISM)
On December 13, 2024, the President of the Republic issued Executive Decree No. 482, which provided for the temporary reduction of the Value Added Tax – VAT rate. In accordance with this provision, the VAT rate for the provision of services related to tourist activities will be 8%, applying
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