Ecuador's Internal Revenue Service (SRI) has issued Resolution No. NAC-DGERCGC23-00000002, which sets out the coefficients for presumptive tax assessments for the 2021 tax year. The coefficients are used in a presumptive tax assessment when a tax return has not been filed, the return or supporting documentation is incomplete, or the taxpayer fails to cooperate with the tax administration during a direct assessment.
The coefficients for 2021, which vary by industry/activity, range as follows:
Where a taxpayer's industry/activity is not specified in the resolution, the following coefficients are used:
Based on the information available to the tax administration, the higher result of the three is generally used as the basis for assessment.
Note, the SRI has delayed issuing the coefficients in recent years in order to better consider the actual profits earned by taxpayers for the relevant year.