He The government is already working on the preparation of the rulebook for the Organic Act on Digital and Audiovisual Transformation, which was published in the Official Gazette 245 of February 7, 2023. In accordance with the law, this regulation, which enables the operational specification of many provisions of the law, must be drafted within 90 days from its publication, so the deadline is already running.

One month after publication in the Official Gazette, Mariana Andrade, president of the Corporation of Audiovisual Producers of Ecuador (Copae), managed to submit to the Government certain criteria for the creation of this secondary regulation. Even the President of the Republic, Guillermo Lasso, participated in a meeting with this sector to listen to them. Andrade says that they have pledged to pass this decree within 90 days.

From The Ecuadorian Chamber of Innovation and Technology (Citec), Andrés Vega, explained that its members are also awaiting the adoption of the regulation within the period established by law. But In addition, it expects compliance with a number of other deadlines established by the law, which also run from its entry into force.

According to Vega, the law has two major segments, the relevant regulations on digital transformation and the other, on audiovisual transformation.

Regarding digital theme Deadlines have already been running since February 7 for several important issues. Transitional provisions are established by law. These are:

For Vega, the law raises significant issues such as increased pricing of the rectory for this sector to the Ministry of Telecommunications. Possibility of implementation identity or digital identification of Ecuadorians, through digital identity cards, digital passports, electronic signatures, which enable them to interact in the digital world.

It also explains that it is Regulatory sandbox (Regulatory test board) It enables innovative models, which are not provided for in the regulations, because they are very new, to have a trial period of operation (24 months). In that period these who are generally rundigital ventures, can be monitored by the body so that later there can be regulation involving them.

For Vega, it is important to seek transformation educational field and create the appropriate innovation talent and says that it’s hard to find enough human talent right now, and what little there is has high turnover because it’s highly valued.

On the other hand, in another sphere of the law is the issue of incentives for audiovisual production.

Mariana Andrade from Copaa explained that the law brings several incentives to the audiovisual industry. However, one of the most important is the creation of the Audiovisual Investment Certificate, which was created by law and allows investors to use it as a 37% tax deduction. This, which Andrade qualifies as a historical fact, makes the country more competitive to receive investments from those interested in filming blockbusters, series and other types of content. So Ecuador is now in the top league for receiving foreign investment, which in turn results in employment and welfare.

According to the law, the amount of audiovisual investment certificates that must be issued by 2023 will be at least 1,000 basic factions exempt from income tax. The basic fraction excepted is in 11,772 dollarsTherefore, the Certificate will amount to 11.7 million dollars.