On March 31 2026 the Ecuadorian SRI issued a resolution that changes how dematerialized tax credit notes are handled. The new rules allow taxpayers to use up to 60 % of the amount payable on a tax return from credit‑note balances, except for Foreign Currency Outflow Tax (ISD) credits, and they remove the possibility of using credit notes to settle customs duties. Credit‑note balances will now appear in the securities account statement on the SRI portal.
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AffPapa · 3 months ago
Ecuador’s tax authority has announced a 15% VAT on iGaming services, including betting, sports prediction markets, online video games, and digital entertainment platforms. Operators must issue receipts, collect VAT from users, and remit payments to the Servicio de Rentas Internas (SRI), while non‑resident operators using intermediaries face withholding requirements.
Fintua · 5 months ago
Ecuador announced a temporary reduction of the general VAT rate for tourist services from 15% to 8% during the New Year holiday period (1–4 January 2026). The reduced rate applies to a wide range of tourist activities defined under Article 5 of the Tourism Law, including accommodation, food, entertainment, transport, and event services.
Innovate Tax · about 22 hours ago
Brazil: On 3 August 2026, the VAT reform moves from voluntary to mandatory validation, requiring CBS and IBS fields on all electronic invoices. The test rate of 1% (0.9% CBS, 0.1% IBS) remains informational, with no payment obligation yet, but non-compliant documents will be rejected.
1stopVAT · 1 day ago
Illinois: Use tax applies to tangible personal property purchased in Illinois when sales tax is not collected, while Chicago imposes municipal taxes on digital services such as SaaS and streaming.
The BayNet · 1 day ago
Maryland: The Supreme Court ruled that Potomac Edison’s transmission equipment qualifies for a sales and use tax exemption, affecting over $3.24 million in taxes. The decision clarifies which components are exempt and sets limits on refund claims.
VATabout · 1 day ago
Chile has announced a list of 25 foreign online betting platforms registered for digital VAT payments under its new compliance system. The SII introduced a taxpayer change mechanism on 15 July 2026 that shifts VAT collection to payment method operators for unregistered platforms. The announcement includes a list of unregistered platforms to which the mechanism will apply.
Key Takeaways
Up to 60 % of the payable amount, except for ISD credits.
No, the limitation does not apply to ISD‑related credit notes.
In the securities account statement available on the SRI online portal.
No, the possibility of using them for customs tax obligations has been eliminated.
Primary source
Read the full article at CorralRosalesThis summary was published on VATfaqs.com on 9 April 2026. It relates to VAT developments in Ecuador. The original source is CorralRosales.
