Posts by Accounting Team Ecuador- Business News and Updates


Articles written by this author include Legal updates and changes, regulatory updates, industry reviews, legal advice, accounting advice, Professional Employer Organization (PEO) news, Q&A with experts, and more.

Changes to Accounting Obligations in Ecuador During COVID-19

Changes to Accounting Obligations in Ecuador During COVID-19

Learn how Ecuador has modified some of its accounting obligations for companies due to the current situation and economic uncertainty facing the country. Ecuador, like many other countries, has been affected economically, politically and socially by COVID-19. However, despite the current situation and existing restrictions, companies operating in the country have continued their commercial...

Update on Ecuador Taxation and Accounting Compliance

Update on Ecuador Taxation and Accounting Compliance

Understand crucial reforms of Ecuador’s taxation and accounting compliance regulations, and what should be expected for the year 2020 on Ecuador’s tax front. The country's President Lenin Moreno is trying to reform the economy and improve the business environment with the help of the International Monetary Fund (IMF). An important part of these attempts was a major tax reform at the end of last...

Expand Your Business with a Secretarial Services Provider in Ecuador

Expand Your Business with a Secretarial Services Provider in Ecuador

Engaging with a secretarial services provider in Ecuador is a crucial step for multinationals expanding to the Andean country.  Although economic growth was slow last year, the ambitious tax and tariff reforms implemented in 2019 contributed to better management of the country's fiscal budget, which is key for Ecuador. In addition, the World Bank estimates an economic growth recovery for...

Ecuador Accounting Consultant Explains the Accounting Closing Process

Ecuador Accounting Consultant Explains the Accounting Closing Process

The end of the year 2019 is approaching. Foreign companies across Latin America will be grappling with the year-end accounting closing process and administrative procedures. Do you know how to perform the accounting closing process for your company in Ecuador? On many occasions, as the closing of the accounting year approaches, companies have a number of doubts about how to start with this...

Tariff and Tax Reforms in Ecuador: Outcomes for Business

Tariff and Tax Reforms in Ecuador: Outcomes for Business

When starting a business anywhere in the world, political vigilance is essential. Being aware of the government of the time, their import/export policies and any upcoming reforms can be decisive in the success of your business. Time after time, businesses are caught out by simply not being aware of their current political conditions.  Like most of Latin America, Ecuador is increasing its...

Understanding Anti-Money Laundering Regulations in Ecuador

Understanding Anti-Money Laundering Regulations in Ecuador

When expanding your business to Ecuador, you’ll be seeking to understand the local legal and financial regulations, and your obligations to comply with them. Ecuador’s financial system has experienced significant change in recent years as the country works towards meeting international standards and strengthening accounting practices. One such measure Ecuador is working to strengthen is its...

Why Accounting Services Are Key to Credible Business Practice in Ecuador

Why Accounting Services Are Key to Credible Business Practice in Ecuador

Ecuador’s steadily-growing economy supports a flourishing financial technology (Fintech) industry and other new business models. In order to keep up with emerging technologies in this and other areas, its government constantly reviews its relevant legal framework. Professional accounting services in Ecuador are in hot demand as the government implements constant changes to commercial and...

What are the Tax and Accounting Requirements in Ecuador?

What are the Tax and Accounting Requirements in Ecuador?

When a company decides to move their business into a new market and open up a new office in a new country, one of the first things to be considered is the country’s tax system. Around the world every country has different tax and accounting systems - some are easier to manage than others. Therefore, when moving into a new market, companies have to determine and understand the country’s...

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