On February 20, 2025, the Internal Revenue Service (the “SRI”) issued resolution no. NAC-DGERCGC25-0000004 containing the applicable standards for the “Mining Annex”.
On March 28, 2025, the SRI issued resolution no. NAC-DGERCGC25-00000007, by which it amended certain particularities of the Mining Annex, below, its main reforms:
Exclusion and inclusion of obligated subjects. – Natural or legal persons who carry out economic activities related to the transport of metallic and non-metallic minerals are excluded as obligated subjects.
Those who trade non-monetary gold with the Central Bank of Ecuador are included as a new subject obliged to report.
Notwithstanding the foregoing, holders of artisanal mining permits who are not taxpayers who trade non-monetary gold with the Central Bank of Ecuador are excluded from the reporting obligation.
Finally, the holders of mining concessions granted for the exploitation of aggregates are excluded from the obligation to report the Mining Annex.
Submission of contracts and addenda. – Obligated entities must submit a copy of the operation, mandate and mineral sale contracts, as well as their applicable addenda, at the SRI counters, nationwide or through the SRI web portal, until December 31 of the fiscal year in which such contracts or addenda are signed.
Extension of the deadline for submitting information from 2022 – 2024. – Obligated entities must submit a copy of the operation, mandate or sale agreement and their addenda, for the fiscal periods 2022, 2023 and 2024 through the SRI portal or at the counter until May 31, 2025.
For more information, please do not hesitate to contact us.
This bulletin contains a summary of legal developments of interest, and therefore cannot be considered as provided advice. If you have any questions, please contact the AVL Abogados team.
