2024-04-11 11:17:44
The Temporary Security Contribution (CTS) constitutes itself as one of the tax measures implemented by the government of Daniel Noboa to finance the Social, Economic Crisis and the Internal armed conflictwhich was declared by the President on January 9, 2024.
The tax falls on the defined societies in the article 98 from Internal Tax Regime Lawthe permanent establishments of foreign companies in the country, which have generated taxable income in the fiscal year 2022 and that they have obtained taxable profits or profits as a result of these income.
Therefore, the large and medium companies that comply with all requirements mentioned above will have to declare and pay a rate of 3,25% from taxed profit with Income Tax.
It should be noted that the banks, savings and credit cooperatives, micro and small businesses are excluded from CTS.
Companies have seven days left to comply with this tax obligation, that is, the March 31st, date that applies to both present year as for him 2025.
Therefore, the large and medium companies that comply with all requirements mentioned above will have to declare and pay a rate of 3,25% from taxed profit with Income Tax.
It should be noted that the banks, savings and credit cooperatives, micro and small businesses are excluded from CTS.
Companies have seven days left to comply with this tax obligation, that is, the March 31st, date that applies to both present year as for him 2025.
How to declare the temporary contribution?
The declaration and payment must be done through the form called Declaration and Payment for Temporary Contributions, same one that was used for the declaration of the Post Covid Special Contribution and that is found in the website of the Internal Revenue Service (SRI).