Distributed or retained branch profits are taxed at a rate between 22% and 28% (see the Taxes on corporate income section). Further taxes are payable when profits are remitted to headquarters abroad. 

Countries and territories considered as tax havens by tax authorities

Besides the tax haven list published by the tax authorities shown below, ‘low-tax jurisdictions’ shall be subject to the same tax treatment. ‘Low-tax jurisdictions’ are defined as a territory where the effective rate of income tax or taxes of an identical or similar nature is less than 60% of the applicable rate in Ecuador. Additional considerations are also taken by the tax authorities for determination of low-tax jurisdictions/preferential tax regimes.

American Samoa	Cocos (Keeling)s	Marshall Islands	Saint Vincent and the Grenadines
Andorra	Cook Islands	Mauritius	Santa Elena
Angola	Curaçao	Monaco	Seychelles
Anguilla	Djibouti	Montserrat (UK)	Solomon Islands
Antigua and Barbuda	Dominica, Commonwealth of	Myanmar	Sri Lanka
Aruba	French Polynesia	Nauru	Swaziland, Kingdom of
Ascension Island	Granada	Nigeria	Tokelau
Azores Islands	Greenland	Niue	Tonga
Bahamas	Guam	Norfolk Islands	Trinidad and Tobago
Bahrain	Guyana	Oman	Tristan Da Cunha
Barbados	Hong Kong	Palau	Tunisia
Belize	Jordan	Panama	Turks and Caicos Islands
Bermuda	Kiribati	Pitcairn	Tuvalu
Bonaire, Saba, and St. Eustatius	Kuwait	Puerto Rico	United Arab Emirates
Brunei Darussalam	Labuan	Qeshm Islands	Vanuatu
Cabo Verde	Liberia	Saint Kitts and Nevis Islands	Virgin Islands (British)
Campione D´italia	Macao	Saint Lucia	Virgin Islands of the United States
Cayman Islands	Madeira (Portugal)	Saint Martin	Western Samoa
Christmas Islands	Maldives	Saint Pierre and Miquelon	Yemen

Certain tax regimes from Bulgaria, Estonia, Macedonia, Montenegro, Serbia, and the United States may be considered preferential tax regimes.