Entrepreneurs owe more than a billion dollars in taxes to the Ecuadorian State

This despite the fact that in 2018 there was a Productive Development Law that condoned fines and interests

The Unit for Analysis and Conjuncture Studies of the Central University of Ecuador published a study, which shows that the tax debt of the main economic groups in the country has grown considerably in the last three years.

This, despite the fact that, in 2018, the Government of President Moreno promoted a Law to exempt companies and individuals who owed securities to the State from fines and surcharges.

As evidenced in the study, with a cut to February 11, 2019, the tax debt amounted to more than USD 727 million, while with a cut to May 18, 2020, it increased to approximately USD 1,156 million, which means an increase in the delinquency to the treasury of 59%.

Of this total firm debts amount to USD 146 million and the disputed debt to USD 768 million.

THIS IS THE LIST OF CONGLOMERATES AND COMPANIES THAT MORE MONEY OWE TO THE STATE

Ranking-debt-tax of companies in Ecuador

This calculation and analysis of tax debts is given without taking into account the money that most of these companies have in tax havens, since they use this mechanism to avoid paying taxes and, therefore, the State is left without income.

COMPLETE ARTICLE

The big winners of the Moreno Government: Economic Groups 2017-2019, wealth, currency outflow, tax havens and tax debt.

Source: Unidad de Análisis y Estudios de Coyuntura de la Universidad Central del Ecuador