• Certification of Expenses Abroad

Certification of Expenses Abroad

 

According to current Ecuadorian legislation, entities that make payments or credits to foreign accounts which are income taxed due to the law, directly or through compensation or mediation of intermediaries, will act as withholding agents at source. If the payment is not a taxed income or an agreement to avoid double taxation applies and does not exceeds certain limits, certifications of payments abroad from independent auditors must be had.