The Internal Revenue Service (SRI) issued a resolution this Tuesday, December 27, in which it updated the range of the table established to settle the income tax of natural persons for the fiscal period of 2023.
Those who invoice already calculate their income tax impact with the new scheme: this segment has a small advantage
So, since next January, citizens who exceed the exempt basic fraction that the SRI set at $11,772 are subject to this tax. This base increased compared to 2022, which was $11,310.
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This week the @SRIoficialEc issued several #resolutions to update, in accordance with the Law, the tax tables for 2023.
π§΅β€΅οΈ pic.twitter.com/8KAhmm2lhoβ SRI Ecuador (@SRIoficialEc) December 28, 2022
These changes, according to the resolution, are based on the annual variation of the Urban Area Consumer Price Index, issued by the National Institute of Statistics and Censuses (INEC) as of November 2022.
This is how you can calculate income tax in Ecuador and find out if it applies to a discount
“The ranges of the table provided in literal a) of article 36 of the Internal Tax Regime Law are updated for the liquidation of income tax for income received by natural persons and undivided successions, corresponding to the fiscal year 2023” , indicates article two of this resolution.
The table is the following:
Personal income tax and undivided inheritance tax – 2023 (in dollars).
| Basic Fraction (USD) | excess up (USD) | Basic fraction tax (USD) | Surplus fraction tax (%) |
|---|---|---|---|
| 0 | 11,722 | – | 0% |
| 11,722 | 14,935 | – | 5 % |
| 14,935 | 18,666 | 161 | 10% |
| 18,666 | 22,418 | 534 | 12% |
| 22,418 | 32,783 | 984 | fifteen % |
| 32,783 | 43,147 | 2,539 | twenty % |
| 43,147 | 53,512 | 4,612 | 25% |
| 53,512 | 63,876 | 7,203 | 30% |
| 63,876 | 103,644 | 10,312 | 35% |
| 103,644 | Onwards | 24,231 | 37% |
The SRI also published the table for the payment of taxes on inheritances, legacies, donations, finds and all kinds of acts or contracts by which the domain is acquired free of charge, of goods and rights.
“The ranges of the table provided in literal d) of article 36 of the Internal Tax Regime Law for the liquidation of income tax for income generated by inheritances, legacies, donations, findings and all types of act or contract are updated. by which the domain is acquired, free of charge, of goods and rights, corresponding to fiscal year 2023β, says the resolution.
This is the updated table. Values ββare in dollars.
| Basic Fraction (USD) | Excess up to (USD) | Basic fraction tax (USD) | Surplus fraction tax (%) |
|---|---|---|---|
| 0 | 75,402 | – | 0% |
| 75,402 | 150,803 | – | 5 % |
| 150,803 | 301,607 | 3,770 | 10% |
| 301,607 | 452,442 | 18,850 | fifteen % |
| 452,442 | 603,266 | 41,476 | twenty % |
| 603,266 | 754,069 | 71,641 | 25% |
| 754,069 | 904,852 | 109,341 | 30% |
| 904,852 | Onwards | 154,576 | 35% |
This resolution was signed by Francisco Briones, general director of the Internal Revenue Service, on December 27, 2022. (YO)
Source: Eluniverso
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