You and the Law in Ecuador

In some years, drivers in Ecuador have been required to obtain limited-liability car insurance.  In other years, they have not been so required.

Drivers should check with their dealership, insurance agent or police authority to find out what is required in any given year.

According to the ExpatFinder website, it is recommended that drivers obtain liability insurance, which the site says is available for $20 per year and up.

www.expatfinder.com

Speeding in Cuenca is punishable by law .. with a penalty of up to three days in jail.

According to a Viva Tropical article about "Stupid Traffic Laws," 18 of the 139 violators ticketed in the days after this law took effect did spend time in la cárcel.

The penalty is for exceeding the speed limit by 10 or more kilometers per hour, even if the limit is not posted on the roadway.

There is an additional fine of up to $292.

Source... www.vivatropical.com/ecuador/traffic-laws/

Thanks for bringing this to the community's attention.

Ecuador has no reporting requirement for income derived outside La República.

This exclusion covers even income received from a foreign company while an Expat is living in Ecuador.

USA Social Security and disability incomes are not taxed by Ecuador even if the funds are direct-deposited into an Ecuadorian bank.

Source... thenest.com

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The lack of such a tax-reporting requirement is an advantage for Ecuadorian Expats compared to the situation in Colombia.

Colombia lays claim to tax some Expats' foreign income.  Colombia's laws are convoluted.  It is unclear whether Colombia enforces its supposed requirement that a tax return must be filed by anyone who is in the country for 183-plus days in any 365-day period.  Ask several Colombian accountants about your tax obligation to La DIAN (the taxing authority) and you will likely get diverse answers.

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