Ecuador Assembly to debate Noboa's veto on tax code fines reform

Ecuador's National Assembly will debate President Noboa's veto of the Tax Code reform, which proposes replacing fixed fines of up to $964,000 with a 0.5% percentage rate. The Economic Regime Commission recommends accepting the veto, signaling a potential shift in enforcement policy. The outcome will determine the severity of tax penalties and could affect government revenue and business compliance.