Since 1997, the SRI (Revenue Administration) has been responsible for everything related to Ecuador’s tax policy.
What is the SRI?
SRI is an autonomous financial institution established in 1997 based on Ecuador’s former General Directorate of Revenues, which was responsible for tax policy until that year. The primary function of SRI is to create a tax culture based on the principles of fairness and equity and collect taxes. SRI has undertaken tasks such as promoting education and knowledge on tax issues in Ecuador and implementing systems based on new technologies such as electronic invoicing and online services.
What are the functions and authorizations of SRI?
As an autonomous body of the Republic of Ecuador, the law gives SRI authority and responsibilities within the scope of the law.
- Implementing Ecuador’s tax policy
- To inform the taxpayer about their tax obligations
- Determining, collecting, and controlling taxes
- Redistributing resources obtained through taxes
- Providing taxpayers with tools to facilitate compliance with their tax obligations
In other words, all taxpayers and companies conducting business and transactions in Ecuador must comply with their functions and obligations regarding the collection of taxes through the references and powers established by SRI and the law.
What is an online SRI?
Inline to increase the voluntary compliance of taxpayers with their obligations and increase the efficiency of legal processes, SRI has introduced new technologies. The SRI online service channel allows taxpayers to conduct various inquiries into their tax status, perform procedures, and make payments from any device with an internet connection. The online SRI system has an accessible interface. It adapts to different sizes and resolutions of computers, mobile phones, and other devices with internet access. Using the online SRI allows taxpayers to get up-to-date and first-hand information on their Tax Status and debt, and to pay comfortably with different payment methods.