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Ministerial Agreement No. MDT-2021-219, which contains the Technical Regulations governing the Approval Procedure, establishes in its fourth provision the computation of the period of time for the statute of limitations to run. The general rule for the statute of limitations to run is from the date ...

One of the main challenges of the real estate market is to obtain economic resources for the promotion and development of real estate projects. High interest rates in our country have traditionally been the biggest obstacle that ultimately negatively impacts the end user and impedes the ability to p...

Employer’s liability is the pecuniary sanction that falls on a natural or legal person that maintains workers in a relationship of dependency for non-compliance with labor provisions once an occupational accident or occupational or occupational disease has been generated. In order to avoid fal...

On November 21, 2023, the Administrative Resolution No. SB-2023-02416 which resolves as the sole article to add the CHAPTER VI “Standard of Qualification, Supervision and Control for the Technological Financial Services Entities; and, of the Issuance of the License for the Exercise of Fintech ...

The Ministry of Labor, by means of Ministerial Agreement No. MDT-2023-140 issued on November 14, 2023, has introduced important modifications to the general rules governing the control of employer obligations and labor inspection procedures. Several provisions are highlighted, including new rules fo...

President Guillermo Lasso issued the General Regulations of the Organic Law on Personal Data Protection through Executive Decree No. 904. The Regulations contain 14 chapters, 90 articles, 1 general provision, 1 transitory provision and 1 final provision. This Regulation complements the Organic Law o...

Resolution No. NAC-DGERCGC23-00000031 Background: Ecuador has been part of the GLOBAL FORUM on Transparency and Exchange of Information for Tax Purposes since April 26, 2017. This is a multilateral body that leads the work on transparency and exchange of tax information. It has 150 member countries....

Resolution No. JPRF-F-2023-076 issued on September 12, 2023 by the Financial Policy and Regulation Board incorporates a new chapter called “Rule regulating technological financial entities” to Title II “National Financial System”, Book I “Monetary and Financial System&#...

The process of transferring ownership of a real estate property can be done by sale, donation, inheritance, adjudication, among others. One of the most recurrent problems in Ecuador when making a transfer of ownership of real estate, especially when it is a purchase and sale, is the excessive delay ...

By means of resolution No. NAC-DGERCGC22-00000019, issued on May 6, 2022 by the Director General of the Internal Revenue Service, Economist Marisol Andrade Hernández, it was resolved to extend the deadline for the presentation of the Statement of Assets and Liabilities of individuals and the presen...