Compliance Alert – Changes to the Tax on the Exit of Foreign Currency

The Ecuadorian Internal Revenue Service (SRI) has published version 2.30 of the Technical Sheet for Offline Electronic Receipts. The new version updates the withholding rate for the Tax on the Exit of Foreign Currency (ISD).

Changes in version 2.30

• Tax Affected: Tax on the Exit of Foreign Currency (ISD);
• New ISD Retention Percentage: 2.5%;
• Code: 4586;
• Valid from: April 1, 2025;
• Valid until: No end date, evaluated annually.

What is the Tax on the Exit of Foreign currency?

The taxable event for the Exit Tax on Foreign Currency is the transfer, shipment, or transfer of foreign currency abroad, whether in cash or through checks, transfers, withdrawals, or payments of any kind, with the exception of compensations made with or without the intermediation of institutions in the financial system.