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 goods and rights is acquired. Below, we summarize its content.
1. As of 2025, individuals and undivided estates will pay Income Tax, in accordance with the following table:
|
Personal Income Tax |
|||
|
Year 2025 |
|||
|
Basic Fraction (USD) |
Excess up to (USD) |
Basic Fraction Tax (USD) |
Tax Excess Fraction (%) |
|
0 |
12.081 |
0 |
0% |
|
12.081 |
15.387 |
0 |
5% |
|
15.387 |
19.978 |
165 |
10% |
|
19.978 |
26.422 |
624 |
12% |
|
26.422 |
34.770 |
1.398 |
15% |
|
34.770 |
46.089 |
2.650 |
20% |
|
46.089 |
61.359 |
4.914 |
25% |
|
61.359 |
81.817 |
8.731 |
30% |
|
81.817 |
108.810 |
14.869 |
35% |
|
108.810 |
From now on |
24.316 |
37% |
2. The table to settle the Income Tax for inheritances, legacies, donations, finds and any type of act or contract by which the domain of goods and rights is acquired free of charge, is detailed below:
|
Inheritances, legacies and donations |
|||
|
Year 2025 |
|||
|
Basic Fraction (USD) |
Excess up to (USD) |
Basic Fraction Tax (USD) |
Tax Excess Fraction (%) |
|
0 |
77.708 |
0 |
0% |
|
77.708 |
155.416 |
0 |
5% |
|
155.416 |
310.833 |
3.885,39 |
10% |
|
310.833 |
466.281 |
19.427,08 |
15% |
|
466.281 |
621.718 |
42.744,33 |
20% |
|
621.718 |
777.134 |
73.831,83 |
25% |
|
777.134 |
932.529 |
112.685,76 |
30% |
|
932.529 |
From now on |
156.304,28 |
35% |
Thisresolution shall enter into force as of its publication in the Registry Official and will be applicable from January 1, 2025.
Quito D.M. / Guayaquil, December 2024
