LatinNews Daily - 17 April 2025

*Ecuador’s tax authority (SRI) has announced that the tax take in the first quarter of 2025 totalled US$5.39bn, representing an increase of 18.8% on the same period in 2024. The SRI’s director, Damián Larco, noted that the tax take in March alone was just shy of US$2bn – up 16.3% year-on-year, equating to an additional US$280m. The increase in Q1 was driven by increased sales, which were up by 11.9% in January and February year-on-year to total US$37.63bn, with construction, agriculture, and manufacturing driving this increase. Revenue from value-added tax (VAT) rose by 26.5% in the first quarter to total US$2.66bn, while the income tax haul was up 5.1% at US$1.58bn. Taxes on the exit of foreign currency brought in US$322m, up 30.4% year-on-year.

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