2024-07-05 19:29:29
The SRI will apply a new 15% tax on profits from betting houses in Ecuador starting July 1, 2024.
Income tax on the profits received by the operators of sports forecasts or bookmakers will be implemented from July 1, 2024. This is established by the Organic Law for the Strengthening of the Family Economy and the Organic Law on Economic Efficiency and Job Creation.
This tax is from 15% on the income received by sports forecast operatorswhether natural or legal persons. The bet can be placed via the Internet or any other means. The tax is also paid, as substitutes, by individuals or companies that use the sports prediction platform when the operator of said platform is not a tax resident in Ecuador or does not have a permanent establishment in the country. To provide information on all the important aspects of the tax, the SRI created a section on its website. In this section, non-resident sports forecast operators in Ecuador will find the procedure for requesting registration in the Single Taxpayers Registry (RUC), requirements and updates, as well as the respective legal basis.
By: EL COMERCIO