Tax reform announced by the president William Lasso began to rule in Ecuador from this Saturday July 1 under the name Law on strengthening the family economy. The regulations provide for deductions for personal expenses when calculating income tax, also based on the number of family obligations.

“There is $200 million going back to Ecuadorian families with this cut“, He said Franciso Brionesprincipal Tax Administration (SRI) In an interview for a news program News to the pointfrom Radio Pichincha. He added that he hopes dependent workers may have less or even no income tax rebates this month.

DSI defined how to report family obligations and achieve a greater reduction in income tax, parents must give consent for inclusion

According to the official, the deficit generated by the tax reduction would be compensated by the inclusion of other concepts that will now be taxed with VAT, such as public performances, in which tickets for cinema, concerts and sporting events are counted. He called this consumption “goods that are not essential for life, that are for fun”.

“Last year, a record was recorded in the collection, which we reached approximately 17 billion dollarsBriones explained. “PFor this year, the projection is that we will reach 18 billion dollars in collections, a growth of approximately 1,500 million,” he added.

The director of SRI explained that the VAT on public broadcasts will allow them to collect an additional 10 million dollars this year, as well as a new tax on sports forecasts and other changes being made at the regulatory level that would collect another 80 or 100 million dollars.

“We will achieve the rest of the financing by targeting tax incentives, as there are subsidies used by the richest, which are not targeted,” explained Briones.

According to the statistics presented by the Director of SRIBy June of this year, approximately HRK four thousand and one hundred million had been collected. As for the tax on the outflow of currency, about 500 million: “There was a decrease of 15 percent (compared to last year), because in February the rate was reduced from 4 percent to 3.75 percent. It has fallen 0.25% more since July. This tax will be reduced to 2 percent from December 31,” he said.

Tax controls at election time

According to Briones, the current SRI administration continues to implement tax controls to justify or explain tax loopholes as the numbers show. The official attributes part of the inconsistency to tax evasion, tax avoidance, the informal economy and the illegal economy.

“We worked from the legalization of business to forced controls against those who did not declare their property or income tax. In the last half-year, we reported more than HRK 120 million as a result of the controls we carried out. to large legacies to politicians, businessmen who did not fully declare their taxes,” said Briones.

This type of control was also carried out with the current candidates for president and vice president of the state, as well as candidates for representatives: “We activate ‘Tax PCR’ what is he quick check plan to make sure candidates are current on their taxes this election seasonbecause I think we all agree that the main obligation, the main civic duty of every person who wants to manage state resources, is at least to be up to date with paying taxes”.

The director commented that this week’s appearances before the presidential couples began to show the differences that the SRI found in their assessment, whether it was differences in income, assets or taxes, so that they would have the opportunity to justify and account for why these differences exist, or if this is not possible, so that you can correct your statement and pay outstanding debts.