In November 2023, the Internal Revenue Service of Ecuador published a new version of the Technical File for the Standardization of the Transfer Pricing Analysis (Ficha Técnica), which incorporates changes to the content of the Comprehensive Transfer Pricing Report, and modifies some methodological elements. The criteria of the Ficha Técnica are applicable for the current taxable year 2023.
Gustavo Sanchez-Gonzalez, Armando Cabrera-Nolasco and Katia Huezo of Baker McKenzie describe the key concepts surrounding marketing intangibles and the way tax regulations and tax authorities in the region are tackling these issues.
The adverse consequences of COVID-19 could be broad, including reduction of consumer demand, supply chain disruption, and an increase in risk aversion in financial markets (driven by an overall downturn in business and consumer confidence). Local subsidiaries of multinational enterprises (MNEs) in affected regions, even those that are operating “business…