Transfer Prices in Ecuador, regulations and formal obligations demanded by the SRI
Currently, the Servicio de Rentas Internas de Ecuador (SRI) (Internal Income Service) demands the Income Tax passive subjects to hand in documentation related to the operations or transactions executed with (national and/or foreign) related parties with the aim of showing that the agreed prices are at the market value.
Article 66-1 of the Regulations to Apply the Law of the Internal Tax Régime.
Resolution No. NAC-DGERCGC15-00000455.