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Ecuador Tax Information

12% IVA

IVA is 12%. Electronic invoicing mandatory. RUC required for all businesses.

Bookkeeper Services to Invoice

  • Monthly bookkeeping
  • Bank reconciliation
  • Accounts payable
  • Accounts receivable
  • Payroll support
  • Financial reports
  • Catch-up bookkeeping

Invoice Requirements in Ecuador

RUC number
SRI registration
Client RUC
Electronic invoice
IVA (12%)
Total in USD

Payment Terms

Monthly retainer paid in advance. Catch-up projects 50% deposit.

Contado15 días30 díasCrédito

Payment Methods in Ecuador

Bank TransferBanco PichinchaProdubancoCredit CardCash

Bookkeeper Invoice Tips

  • Specify period covered
  • Include transaction count
  • Note software used
  • Reference deliverables
  • Document hours if applicable

Frequently Asked Questions

What tax rate applies to bookkeeper invoices in Ecuador?

Ecuador has 12% IVA. IVA is 12%. Electronic invoicing mandatory. RUC required for all businesses.

What payment methods are common for bookkeepers in Ecuador?

Common payment methods in Ecuador include: Bank Transfer, Banco Pichincha, Produbanco, Credit Card, Cash. Monthly retainer paid in advance. Catch-up projects 50% deposit.

What should bookkeeper invoices include in Ecuador?

Your invoice should include: RUC number, SRI registration, Client RUC, Electronic invoice. For bookkeeper services specifically, also include: Monthly bookkeeping, Bank reconciliation, Accounts payable.

How to price bookkeeping?

Monthly flat fee based on transaction volume. $300-2000/month typical for small business.

Charge for catch-up work?

Hourly or per-month-behind rate. Catch-up is intensive work, price accordingly.

What is Ecuador's IVA rate?

Ecuador applies 12% IVA on most goods and services. Basic necessities may be 0%. Exports zero-rated.