Informative equity statement
Ecuadorian fiscal residents with assets (in Ecuador and/or abroad) at 1 January of over 20 un-taxed income tax basis (USD 11,310 income tax basis for fiscal year 2022) or over 40 un-taxed income tax basis for a married couple must file an informative equity statement. However, there is no tax levied.
Ecuadorian fiscal residents with income greater than USD 300,000 in the fiscal year are required to keep accounting records. This obligation does not apply for individuals under a labour relationship.