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
BiS SiGMA South America 2026
06 de April 2026
Onlyplay highlights its experience at BiS SiGMA São Paulo 2026
(São Paulo, SoloAzar Exclusive).- Onlyplay team share their impressions of the latest edition of BiS SiGMA São Paulo 2026, highlighting growth opportunities, networking, and the evolution of the Latin American market.
Friday 24 Apr 2026 / 12:00
“BIS Sigma São Paulo is becoming an increasingly important event for the iGaming ecosystem in Latin America”, Paula Nemesio, Timeless Tech
(São Paulo, SoloAzar Exclusive).– Brazil remains a cornerstone of Timeless Tech’s LatAm strategy following the firm’s successful showing at BiS SiGMA Americas. Paula Nemesio, Business Development & Partnerships, shared her highlights from the event and discussed the company’s ongoing expansion in the region.
Friday 24 Apr 2026 / 12:00
Prestigious award, expert discussions, and productive networking: Results of 1xBet's participation in SiGMA South America 2026
(São Paulo).- The 1xBet team visited São Paulo, where the large-scale iGaming exhibition SiGMA South America 2026 was held from April 6 to 9. The event, taking place in Brazil's main financial hub, brought together technology, new ideas, and major partnerships.
Thursday 23 Apr 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.