Social Security Rate For Companies in Ecuador is expected to reach 12.15 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Social Security Rate For Companies is projected to trend around 11.15 percent in 2021, according to our econometric models.
Ecuador Social Security Rate For Companies
In Ecuador, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Ecuador because they help to pay for many social programs including welfare, health care and many other benefits.