100% Remission of Interest, Penalties, and Surcharges on 2024 Tax Debts
If, prior to the publication and enforcement of the remission regulations, a taxpayer made payments that in total cover the principal of the obligation, any remaining interest, penalties, and surcharges will be forgiven.
According to the Thirteenth Transitional Provision of the Public Integrity Law, published on June 26, 2025 in the Third Supplement of Official Register No. 68, taxpayers may benefit from a 100% remission of interest, penalties, costs, and surcharges derived from tax obligations generated up to December 2024.
The 2024 Income Tax is expressly excluded from this benefit.
Taxpayers may apply for this remission from June 26 through December 31, 2025. Therefore, principal payments corresponding to tax debts generated up to December 2024 must be made no later than December 31, 2025.
Additionally, according to Resolution No. NAC-DGERCGC25-00000015 issued by the Internal Revenue Service (SRI) on June 27, 2025, the following rules apply:
a) Partial payments made up to June 25, 2025 will be allocated in the following order: interest, principal, and penalties.
b) Partial payments made from June 26 through December 31, 2025 will be applied directly to the principal of the tax obligation.
c) Partial payments made after December 31, 2025 will be allocated in the following order: interest, principal, and penalties.
Obligations NOT Eligible for Remission
- Obligations collected but not administered by the SRI.
- Obligations related to the 2024 Income Tax.
- Tax obligations that do not include a payable tax.
- Monetary sanctions derived from administrative penalty processes.
- Amounts resulting from control processes aimed at recovering funds refunded improperly.
Interest Payable by the Tax Authority
According to the Fifteenth Amending Provision of the Public Integrity Law, published on June 26, 2025, Article 21 of the Tax Code—regarding “Interest Payable by the Tax Authority”—has been amended.
As of June 26, 2025, the interest the SRI must pay taxpayers for refunds of taxes overpaid or paid unduly will be calculated as 50% of the 90-day reference active rate established by the Central Bank of Ecuador.
If the SRI initiates a compensatory process with a refund process for excess or undue payment, the interest calculation period will be suspended during the assessment and will resume once the process has concluded.