Ecuador applies 15% income tax to sports betting houses
Monday 01 de July 2024 / 12:00
2 minutos de lectura
(Quito).- The Government of Ecuador announced last Friday the application of the single income tax, with a rate of 15%, to sports prediction operators based or not in the country.
The Internal Revenue Service (ERI), the institution in charge of tax collection of the State, reported in a statement that starting next Monday, July 1, the single income tax on income received by Operators will be implemented in Ecuador. of Sports Forecasts.
This provision is based on the Organic Decree Law for the Strengthening of the Family Economy, which has been in force since June 20 of last year, explained the SRI.
The tax administration added that the single income tax taxes the income received by sports prediction operators, both residents and non-residents, at a rate of 15%.
“Operators can subtract the prizes paid from said income,” but on which they must have made the respective withholding at source, he added.
Likewise, he stressed that "the players' prizes are also taxed with 15% of the income tax, which will be withheld and paid to the treasury by the sports prediction operators."
The SRI indicated that the regulations of this tax regime will regulate the “mechanisms to declare, liquidate and pay this tax and will establish the tax obligations that must be met.
The regulations consider that operators based in the country must declare the tax in the periods established by law, and that in the event that these companies are located abroad, they must appoint a representative to carry out the tax procedures.
Categoría:Sportsbook
Tags: Sin tags
País: Ecuador
Región: South America
Event
Peru Gaming Show 2025
18 de June 2025
Facephi presented its digital identity verification solutions for the online gaming sector in Peru at PGS 2025
(Lima, SoloAzar Exclusive).- Facephi is consolidating its position as a strategic partner for responsible online gaming in Peru, presenting advanced identity verification, fraud prevention, and regulatory compliance solutions at PGS 2025, adapted to an increasingly digital and demanding ecosystem. In this interview, Bruno Rafael Rivadeneyra Sánchez, the firm's Identity Solutions Senior Manager, explores how its technology is redefining gaming security standards, with a preventative, seamless, and 100% regional approach.
Friday 18 Jul 2025 / 12:00
From PGS 2025, Win Systems Redoubles its Commitment to Peru: Innovation, Proximity, and Regional Expansion
(Lima, SoloAzar Exclusive).- In a revealing interview, Galy Olazo, Country Manager of Win Systems in Peru, analyzes the company's strategic role in one of the most thriving markets in the region. Its participation in the PGS 2025 trade show not only left its mark with its technological advances, such as the new Gold Club Colors electronic roulette wheels and the WIGOS management system, but also reaffirmed its commitment to the transformation of the sector and its consolidation in Latin America.
Tuesday 15 Jul 2025 / 12:00
Key debate during PGS 2025: Enforcement: Process to ensure compliance (laws, norms, rules)
(Lima, SoloAzar Exclusive).- During the 2025 edition of the Peru Gaming Show, the conference ‘Enforcement: Process to ensure compliance (laws, norms, rules)’ took place, with an international panel of professionals who debated about the current challenges to combat illegal gaming and guarantee the application of the laws in the sector, both in Peru and in the Latam region.
Monday 14 Jul 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.