The organic law on strengthening the family economy has already been published in the National Gazette in attachment number 335. It became formal this Tuesday, June 20, after the Constitutional Court on June 16 made a decision favorable to the tax reform that President Guillermo Lasso sent last May as an emergency in economic matters, after he dissolved the National Assembly.

According to the provision that supersedes this decree-law on the economic emergency “enters into force on the day of its publication in the Official Gazette”.

“The purpose of this Regulation on the economic emergency is to strengthen the family economy and popular companies based on the principles of progressiveness of the tax burden, both with regard to the amount of their income and expenses, as well as the sustainability of public finances,” it states. indicates on the portal.

These are the seven changes to the new tax reform that the Government will apply

The director of the Tax Administration (SRI), Francisco Briones, pointed out that it is already official. “#LEFAM has been published in the Official Register. In July, dependent workers will have lower discounts on their role in income tax,” he wrote on Twitter.

According to Briones, several points of the tax reform take effect immediately, including the reduction of personal income tax.

Likewise, it is indicated that the rate of 12% for public issues and 0% VAT for popular companies will be applied from the month after the publication of the Organic Decree on the law to strengthen the family economy in the Official Gazette.

While income tax reforms in the Tax Regime for Entrepreneurs and Popular Companies (Rimpe) and 15% income tax for sports forecast operators from January 2024 (I)