SRI and RUC

What does RUC stand for?

• Registro Universal de Contribuyentes

• Registro Único de Contribuyentes

• Registro Único de Contribución

• Registro Universal de Contribuyentes

What is the main function of the RUC?

• The RUC's main function is the registration and identification of taxpayers who must comply with the sale of taxes.

• The RUC's main function is to make people pay taxes.

• The RUC's main function is the registration and identification of taxpayers who must comply with the payment of taxes.

• The RUC's main function is the registration of taxes.

What does SRI stand for?

• Régimen Impositivo Simplificado Ecuatoriano

• Servicio de Rentas Internas

• Servicio de Rentabilidad Interna

• Sistema Interno de Rentas

What is the SRI?

• It’s a system whose objective is to simplify and facilitate the payment of taxes.

• It´s an extra tax.

• It's a type of educational methodology

• It is an entity in charge of the administration and collection of internal taxes that are under its scope of action.

Describe the main objective of the SRI.