Gambia vs Ecuador
Tax systems side by side: income tax rates, corporate tax, VAT, withholding, special regimes and filing rules.
Overview
At a glance
Income tax
 GM
Gambia
|
 EC
Ecuador
|
|
|---|---|---|
| Top rate | 25% | 37% |
| Effective top rate | 25% | 37% |
| Capital gains tax | 15% | 10% |
| Capital gains notes | Capital gains tax is separate from ordinary income tax. For individuals, the liability is the higher of 15% of the gain or 5% of the consideration. For companies, partnerships and trusts, it is the higher of 25% of the gain or 10% of the consideration. Gambian residents who dispose of capital assets abroad are also liable. | Transfers of shares and similar equity rights in Ecuador companies are taxed at 10%. Gains on urban real property transfers face a 10% municipal plusvalía; other gains are generally ordinary income. |
| Social security (employee) | — | 9.45% |
| Social security (employer) | — | 12.15% |
Withholding rates
Other taxes
Tax features
|
GM
Gambia
|
EC
Ecuador
|
|
|---|---|---|
| Personal income tax | Yes | Yes |
| Capital gains tax | Yes | Yes |
| Corporate tax | Yes | Yes |
| VAT / GST | Yes | Yes |
| Wealth tax | No | No |
| Inheritance tax | No | Yes |
| Exit tax | No | Yes |
| CFC rules | No | Yes |
| Digital services tax | No | No |
| Crypto-specific rules | No | No |
| Participation exemption | No | No |
| Territorial exemption | No | No |
Special regimes
Active special regimes in Gambia
None recorded
Active special regimes in Ecuador
Residency and filing
|
GM
Gambia
|
EC
Ecuador
|
|
|---|---|---|
| Residency threshold | 183 days | 183 days |
| Filing deadline | 31 March | March 10–28 |
| Automatic extension | No | No |
| Residency rules | An individual is resident for a calendar tax year if they reside in The Gambia at any time in the year, are present for 183 or more days in aggregate in the year, or are a Government employee or official posted abroad. Split-year rules apply when residency status changes between years. A company is resident if incorporated in The Gambia or if control and management of its business is exercised in The Gambia. | Tax resident if present more than 183 days in a calendar year (including sporadic absences) or in a 12-month period spanning two fiscal years, or if the centre of economic interests is in Ecuador. Eligible newcomers may elect five-year temporary tax residency (Ecuador-source income only). |
| Filing notes | The tax year is the calendar year. Corporate and individual income tax returns are due by 31 March following the year end. PAYE schedules, VAT returns and most other monthly taxes are due 15 days after month end. Capital gains returns are due 15 days after the transaction. | Personal income tax returns and payments are due between 10 and 28 March, staggered by the ninth digit of the RUC or cédula. Employment income is subject to monthly withholding. |
| Exit tax details | — | Impuesto a la Salida de Divisas (ISD): 5% on outbound transfers of money abroad (reinstated from April 2024; reduced rates apply to certain pharmaceutical and productive-sector payments). |
| CFC rules details | — | Ecuador residents with at least 25% participation in a foreign entity taxed below 15% must include specified passive income from that CFC in their annual return (effective from 1 January 2024). |