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
SBC Summit Americas 2025
13 de May 2025
Redefining Innovation: Soft2Bet’s Market-Ready Tech and Experiential Advancements at SBC Summit Americas
(Fort Lauderdale, SoloAzar Exclusive).- In this Q&A, Slobodan Georgijevski, Soft2Bet Senior Sales Manager, highlighted innovation and presence of the firm at recent SBC Summit Americas, and shared a broader industry insight and evolution over the years.
Friday 06 Jun 2025 / 12:00
Belatra Games Unveils 'Cyber Gypsies' and AI-Driven Innovations at SBC Summit Americas 2025
(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas 2025, Belatra Games took center stage with groundbreaking innovations, introducing its newest slot experience, Cyber Gypsies. Alongside this thrilling launch, it reinforced its commitment to AI, gamification, and player protection, setting a new standard for engaging and responsible gaming. But what makes these innovations stand out, and how is Belatra redefining industry trends? Let’s dive in.
Thursday 05 Jun 2025 / 12:00
Blokotech at SBC Summit Americas: Cutting-Edge Launches and New Features
(Fort Lauderdale, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Alberto Alfieri, Blokotech Co-Founder & Executive Chairman, discussed the innovations the company presented at SBC Summit Americas 2025 and how they address the industry's evolving needs, among other topics.
Monday 02 Jun 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.