FACTOID # 1: Don't start a company in Australia. More than 20% of the tax collected in Australia is corporate income tax.
 
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South America > Ecuador > Taxation

ECUADORIAN TAXATION STATS:   Top Stats   All Stats  
View this page with:    Just Stats   Sources   Definitions   Both  
Average time to clear customs > days 4 days ... [4th of 39]
Customs and other import duties > % of tax revenue 45 % ... [45th of 82]
Customs and other import duties > current LCU 271767800 ...
Highest marginal tax rate, corporate rate > % 56 % ... [56th of 108]
Highest marginal tax rate, individual > on income exceeding, US$ 20 $ ... [20th of 93]
Highest marginal tax rate, individual rate > % 67 % ... [67th of 102]
Net taxes on products > constant LCU 1148650000 ...
Net taxes on products > current LCU 2166900000 ...
Net taxes on products > current US$ 52 $ ... [52nd of 159]
Other taxes > % of revenue 42 % ... [42nd of 91]
Other taxes > current LCU 35507350 ...
Tax payments > number 160 ... [160th of 171]
Tax rates > % of managers surveyed ranking this as a major business constraint 7 % ... [7th of 39]
Tax revenue > % of GDP 47 % ... [47th of 98]
Tax revenue > current LCU 2303881000 ...
Taxes on exports > % of tax revenue 16 % ... [16th of 36]
Taxes on exports > current LCU 7816144 ...
Taxes on goods and services > % of revenue 33 % ... [33rd of 98]
Taxes on goods and services > % value added of industry and services 48 % ... [48th of 89]
Taxes on goods and services > current LCU 672818800 ...

... View all Taxation stats

SOURCES: Average time to clear customs is the number of days to clear an imported good through customs.; Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.; Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.; Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.; Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.; Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.; Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; Tax rates as a major constraint measure the share of senior managers who ranked tax rates as a major or very severe constraint.; Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.; Taxes on exports are all levies on goods being transported out of the country or services being delivered to nonresidents by residents. Rebates on exported goods that are repayments of previously paid general consumption taxes, excise taxes, or import duties are deducted from the gross amounts receivable from these taxes, not from amounts receivable from export taxes.; Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.

ALTERNATIVE NAMES: Ecuador, Republic of Ecuador, Republica del Ecuador

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