Fiscal stability in Ecuador and its impact on economic development: analysis of the implications of tax reforms and proposals to improve the predictability of the system.

Abstract

Fiscal stability in Ecuador is essential to protect the interests of taxpayers, promote investment and economic development, as well as create an environment conducive to sustainable economic growth. The purpose of this study is to analyze the implications of these changes and propose measures to maintain the predictability of the tax system. Detailed comparisons of tax laws and their recent amendments were made. The results show that frequent reforms generate uncertainty and challenges in tax planning. Actions are suggested such as consultation prior to the enactment of tax regulations, greater legislative transparency and exhaustive impact analyzes when considering important reforms.