The Internal Revenue Service (SRI) confirmed that starting July 1, a new tax will go into effect for sports prediction sites. The portal opened a form where registration must be completed so that the domain is not affected.
In one of the sections of the SRI website, sports prediction operators can find the procedure for requesting registration in the Single Taxpayer Registry (RUC), requirements and updating, as well as the respective legal basis. The tax as such taxes the income received by operators of sports predictions made through the Internet or any other means.
Your tax base is the result of subtracting prizes paid (with withholding at source) from income, including commissions; and the rate is 15%.
Standards that must be met
• - Deliver the information for tax purposes to the SRI as dictated by the regulations.
• - Register in the registry of the single registry of RUC taxpayers.
• - Designate a representative resident in Ecuador for all purposes derived from the administration of the Single Income Tax for Sports Forecast Operators.
• - Declare and pay the Single Income Tax for Sports Forecast Operators. The Sanction If what is specified is not met, a penalty of 30 basic salaries will be imposed. Additionally, the IP address of the website through which the company operates will be blocked.
