Compliance Alert - SRI Mandates Electronic Sales Receipts for Sports Forecast Operators

Ecuador's Internal Revenue Service (SRI) has issued resolution NAC-DGERCGC24-00000029, establishing rules for implementing a single income tax for sports forecast operators.

Resolution Highlights:

• Purpose: The resolution outlines requirements for formal duties, declaration deadlines, RUC registration, and the issuance of sales and withholding receipts;
• Sales Receipts: Operators must issue electronic sales receipts. These must consolidate player losses from sporting events into a single receipt by the end of each monthly fiscal period. Sales receipts cannot be issued in the name of the final consumer and must comply with the technical data sheet for electronic receipts;
• Withholding Vouchers: Electronic retention vouchers must be issued by the fifth business day of the month following the period of declaration and payment. These vouchers must detail the number of events and prize conditions in the 'Additional Information' section. No purchase settlement is required, and the player's accrued forecast value will be subtracted to calculate prize retention.

Although the obligation began on 1 July 2024, operators have to issue sales and withholding receipts for this period until 6 September 2024.