The Tax Administration (SRI) has issued a resolution establishing the percentages of self-deductions that large taxpayers must achieve as one of the measures implemented by the government of Daniel Noboa through the tax reform contained in his first bill. emergency law approved by the Assembly.
Companies classified as large taxpayers from this month of January 2024 will apply a percentage ranging from 1.5% to 10% of the relevant withholding tax, with regard to the taxable income. It is a tax advance payment corresponding to April 2025.
The following ranges will apply to 18 economic sectors:
The tax administration can modify the self-deduction percentages at any time, taking into account the economic circumstances of each sector or when it is expected that the taxable income could be significantly reduced in the current year, compared to the immediately preceding one.
Four companies will have the highest percentage of 10%:
Source: Eluniverso
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
