New Official Deadline
The SRI (Servicio de Rentas Internas – Internal Revenue Service), through Resolution NAC-DGERCGC25-00000012 issued on June 7, 2025, extended the deadline for filing the Related Party Transactions Annex and the Comprehensive Transfer Pricing Report for the fiscal year 2024. Now, both documents may be filed until September 2025, following the monthly due date schedule, according to the ninth RUC digit of the taxpayer.
Who Is Involved?
- Those who have performed related party transactions exceeding USD 3 million must file the Related Party Transactions Annex.
- If the amount exceeds USD 10 million, they must also file the Comprehensive Transfer Pricing Report.
Extension Purpose
This extension provides additional compliance capacity, particularly for complex or multinational structures, and is established under the principles of efficiency, simplification, and adequate collection.
Possible Penalties
Although the deadline is generous, the SRI warns of possible penalties of up to USD 15,000 for late or incomplete filing or inconsistencies between the documents filed and the income tax return.
TPC Group Recommendations
- Plan in advance: Begin functional and economic analysis without waiting until September.
- Verify thresholds: Monitor accumulated amounts with related parties to determine obligations.
- Ensure consistency: Ensure alignment among financial statements, annexes, and tax returns.
- Minimize risks: Review possible inconsistencies before filing to avoid penalties.
Call to Action
TPC Group has a specialized Transfer Pricing team specializing in Ecuador and the region. Contact us today to structure your Comprehensive Report and Annex operating under the Arm’s Length Principle standards and avoiding tax contingencies.
Contact us at contacto@tpcgroupint.com.
Source: NMSLaw