Ecuador applies 15% income tax to sports betting houses
Monday 01 de July 2024 / 12:00
⏱ 1 min read
(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
SiGMA North America 2026
01 de September 2026
Evert Montero Analyzed Colombia's Gaming Regulation at SiGMA
(Mexico City) — Speaking at SiGMA North America 2026, FECOLJUEGOS President Evert Montero Cárdenas offered a deep dive into the regulatory shifts shaping the Latin American and North American markets. He highlighted the sustainability challenges ahead for Colombia's industry and the ongoing impact of technological innovation. A major highlight of the September 1-3 summit at Mexico City’s Centro Banamex was Montero's induction into the Hall of Game 2026.
Friday 11 Sep 2026 / 12:00
Sportradar highlights LATAM growth at SiGMA North America
(Mexico City, SoloAzar Exclusive).- Rodrigo Cambiaghi, Sales Executive Lead, Digital Advertising at Sportradar, highlighted the strategic importance of Mexico and the broader Latin American market during SiGMA North America 2026. Held from September 1–3 at Centro Banamex in Mexico City, the event brought together nearly 2,250 delegates and focused on artificial intelligence, innovation, public-private collaboration and the adaptation of global strategies to local market dynamics.
Friday 11 Sep 2026 / 12:00
AIEJA Highlights Success of SiGMA North America in Mexico
(Mexico City, SoloAzar Exclusive).- Dr. Miguel Ángel Ochoa Sánchez, Executive President of AIEJA, underscored the success of the inaugural SiGMA North America in Mexico, noting its crucial role in elevating the local gaming industry on the global stage. Speaking at the event—held September 1-3 at Mexico City's Centro Banamex—he also broke down key regulatory hurdles, strategies to combat illegal gambling, and emerging opportunities within the sector.
Wednesday 09 Sep 2026 / 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.
