Tax on Gringos

I read recently about some type of tax on gringos. Do you know if anything is in the works to have a special tax on foreigners or gringos?

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We've heard nothing about that. There was a scare back in 2009, when Correa decided that people here (and Ecuadorians living outside of EC) had to report all holdings inside and outside the country.

That was struck down by the courts here, and nothing's been heard of it since. Also, Ecuador just doesn't have the resources to track down all the money people are holding outside the country.

As for a new tax, there's certainly nothing (not even a rumour) spreading around Cuenca about that.

If any of our readers know anything details, please comment here.

Thanks for your question.

Jeff

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