Ecuador’s provinces with the wealthiest people
RIO DE JANEIRO, BRAZIL – Between January and April 2022, Ecuador’s Internal Revenue Service (SRI) collected US$414.5 million for the temporary wealth tax, both from companies and individuals.
The tax was established in the Economic Development and Fiscal Sustainability Law, which came into force in November 2021.
Companies paid US$306.2 million. Companies with assets over US$5 million made this contribution; the rate is 0.08%. The Law establishes that they must pay this tax for two years – they will also pay this contribution in 2023.
Meanwhile, individuals paid US$108.2 million. The taxpayers who paid the tax were those who own more than US$1 million individually or US$2 million in marital partnership; the rate ranges from 1% to 1.5%. This group only has to pay once.
Pichincha was the province that paid the most taxes for high assets. According to the SRI, it delivered 51.5% of the amount collected. Companies contributed US$153.3 million and individuals US$60.2 million.
Next is Guayas, which delivered 29.6% of the collection. Corporations paid US$98.8 million and individuals US$24 million.
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