Certification of Expenses

When payments abroad do not constitute income taxed in Ecuador, current legislation requires preparing a report issued by independent auditors (abroad and locally) to verify the appropriateness of the expense.

Our experts team will assist you in preparing the expense certification report when transactions carried out in the same fiscal year exceed the 10 basic fractions taxed with a 0% personal income tax rate, which can be extended to 20 basic fractions when the expenses subject to certification do not exceed 1% of taxable income.

This service will be useful for:

• Companies that apply the benefits established in the agreements to avoid double taxation signed by the Ecuadorian state.
• Inspection companies
• Sea, air and deep sea fishing companies.

We have a worldwide network of services, which will allow your company to comply with the current tax regulations requirements.