The Servicio de Rentas Internas (SRI) announced on March 26 that it has started a process to verify compliance with the Impuesto a la Salida de Divisas (ISD) for the fiscal years 2022, 2023, and 2024. This initiative focuses on 221 taxpayers who made imports totaling USD 363 million, paid directly through loans granted from abroad.
According to SRI, cases have been identified where imports were paid using financing from financial institutions outside the country without declaring or paying the corresponding ISD. Under current regulations, any payment made from abroad by residents or those domiciled in Ecuador for imports is subject to this tax, regardless of whether the funds come from personal resources or loans provided by international banks.
The law and its regulations state that the tax obligation arises at the time goods are nationalized or cleared through customs. At this point, taxpayers must declare and pay the ISD using the applicable rate for each period.
SRI urges taxpayers to voluntarily regularize their tax payments along with any interest and penalties due. Declarations should be submitted monthly via SRI’s online platform using Formulario de Impuesto a la Salida de Divisas (code 4580 – boxes 421 to 425).
Timely regularization allows taxpayers to avoid formal determinations and additional charges. More information is available at www.sri.gob.ec.
