As the Tax Administration already obtains data from taxpayers in other ways and in accordance with simplified procedures, the entity abolished three annexes that were prepared and presented for six to eleven years.

“We are removing popular plugins that duplicate information we already get from other sources,” said CEO Francisco Briones.

Thus, the SRI invalidated the decisions approving these three annexes:

In addition, the 2021 decision establishing the applicable regime for the presentation of information and documentation provided for in Articles 131 and 263 of the Companies Act has been repealed. This is because in the amendments to the Law on the Reform of the Law on Business Companies for optimization and business impulse and for encouraging corporate governance, published in the Addendum to the National Gazette of March 15, 2023, those articles were amended and the obligation of limited liability companies and corporations to submit to the Main to the supervision of commercial companies, a list of managers, legal representatives and partners or shareholders, including legal owners and beneficial owners.

Decision NAC-DGERCGC23-00000013 with these changes was issued by the SAI on April 27, and with its validity, taxpayers from the following period cease to fulfill the obligations determined by the repealed decisions in accordance with the deadline determined for each individual case. .

Briones emphasized that SRI’s plan is to have less paperwork and simplicity.