Expat Community > Ecuador

Expatsooner
Joined 2015
Posts: 45

Tax returns for expats

8 years ago

This might be a "how long is a piece of string"-type question, but anyway...

What tax reporting/return requirements do expats have in Ecuador?

When we get over there, we'll be in our early 50s, earning a pension (out of our home country), which is as I understand it non-taxable as foreign-sourced income.

We obviously won't be claiming Sales tax refunds...and given the lively discussion about the merits or otherwise of Gringos claiming such, probably wouldn't even if we were able to...Gut feel is that a lot of that will disappear entirely over time, given the state of the economy, but that's another discussion...

So, given that, what reporting obligations are there...is it simply a matter of filling in the form with no (locally-sourced) income to declare, no deductions to claim and sending it off, or is that far too simplistic a view of how things work there?

I haven't mentioned interest income in local bank accounts/CDs etc., as I've read conflicting views about the merits or otherwise of holding bank accounts over there...in saying that, someone's most likely going to ask "how will you pay for local utilities/internet etc. with no local bank account...?" Answer is, I don't know as yet.

Anyway...as usual, have at it.

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