The Tax Administration (SRI) strives to economic activity that moves in networks influential persons and social networks are 100% formalized, and to that end, the aforementioned institution designed a socialization campaign so that they know what steps to follow in order to fulfill their tax obligations.

The General Director of SRI, Francisco Briones, met this Wednesday, March 1, with several influential persons to clear their doubts on tax matters and invite them to register their RUC, issue electronic invoices, report and pay taxes. And he emphasized that SRI will be an ally for the growth of this important sector.

How much can ‘influencers’ earn and how does this group that is the target of SRI pay taxes?

The Internal Revenue has indicated that like any other economic activity, online activities are subject to tax obligations. And it details that domestic and foreign payments received for the following qualify as income subject to income tax:

at least 500 influential persons classified as the most important in the country, are identified by SRI so that the subject applies control mechanisms to them and promotes compliance with their tax obligations.

How will SRI control more than 500 influencers in Ecuador?

According to the information previously published by the entity, another of the fronts on which the control will be carried out is the identification of compliance with the tax obligations of these persons, through the intensive use of domestic and foreign information, which comes from the international exchange of information. Emphasis is placed on those who show differences between their income and tax returns.

In cases where significant differences are determined, the taxpayers will be encouraged to voluntarily fulfill their tax obligations; otherwise, control processes and the application of corresponding sanctions will begin.