SRI Form 109: Format, Filling and MORE

The outflow of foreign currency is a balance of payments and transactions that supply foreign currency from where the balance is drawn up. Therefore, this will record payments for merchandise imports, and investments abroad or reduction of reserves.

Also, in this article we will commission them to tell you about the SRI Form 109. This document will be very important when you want to declare taxes. In this way, we will explain how to fill it out, what it is for and who should carry out this procedure. Keep reading! This information is for you. Also, if you think this information might be helpful to a friend, don’t forget to share it.

SRI Form 109 format

The SRI Form 109 It is a procedure authorized by the Internal Revenue Service (SRI). This allows natural or legal persons to present the declaration form for the Outflow Tax, through the institutional website. Therefore, among the requirements to obtain SRI Form 109 will be:

  • Taxpayer identification number
  • Password to access online services

Likewise, it is important to clarify that the form will be presented in a PDF file through the SRI page. In this way, the procedure will be easier for you when downloading and printing the document quickly and easily. We must clarify that this document can not present studs or blots, since otherwise, authorized personnel will not be able to accept the document.

Next, we will briefly explain how the SRI Form 109. Pay a lot of attention!

  • Form number that constitutes.
  • Declaration identification.
  • Identification of the taxpayer.
  • Values ​​to be declared for transfers, shipments or transfers of foreign currency made abroad.
    • Detail / Concept.
    • Total amount of operations carried out abroad through.
    • Tax base generated in.
    • Foreign currency outflow taxes generated in.
  • Values ​​to be declared due to the presumption of outflow of foreign currency generated in exports.
    • Detail / Concept.
    • Total net exports.
    • Exports whose currencies entered the country.
    • Exports whose currencies did not enter the country.
    • Tax on the exit of foreign currency generated.
  • Consolidation of values ​​to pay.
  • Detail of allocation to payment.
  • Values ​​to pay and payment method
  • Signature of the taxpayer or legal representative.
  • Accountant signature.

Completion of SRI Form 109

Once you get the SRI Form 109 will proceed to complete it. This document is extremely easy to fill out as long as you have all the necessary information. In this way, we will proceed to quickly explain how you have to answer this form.

  • IDENTIFICATION OF THE DECLARATION.
    • 101 Month: Fiscal month to which the declaration corresponds.
    • 102 Year: Fiscal year to which the return corresponds.
    • 104 Replacing Form No.: In the case of a replacement tax return, enter in this field the number of the replacement tax return form.
    • 105 Periodicity: Type of declaration.
    • 198 Identity Card or Passport Number: Identity card number of the legal representative.
    • 199 RUC No.: Unique Taxpayer Registration Number of the accountant.
  • IDENTIFICATION OF THE FINANCIAL INSTITUTION / COURIER
    • 201 Identification of the taxpayer: RUC number or identity card of the taxpayer.
    • 202 Company name or name of the taxpayer: Company name, name, or names and surnames of the taxpayer making the declaration.
  • SECURITIES TO DECLARE AS WITHHOLDING AGENT / PERCEPTION AGENT.
    • 301 Total transfers sent: Number of transfers. Shipments made abroad at the request of withholding agent clients.
    • 302 Tax base generated in depositors or clients: Register the total amount of transfers or shipments of foreign currency.
    • 303 Tax incurred: Record the value obtained from formula 302.
    • 311 Total transfers sent: Number of transfers.
    • 312 Taxable Base generated by Own Operations of the Withholding or Receiving Agent: Record the amount of the total transfers or shipments of foreign currency.
    • 313 Tax incurred: Record the value obtained from formula 312.
    • 323 Tax paid for the withholding or collection agent’s own operations: Record the withholdings that have been made to the withholding agent.
    • 399 Total tax generated withholding agent / collection agent: Record the value obtained from the formula 303 + 313 – 323.
  • 4. VALUES TO DECLARE BY PRESUMPTION OF ALL PAYMENTS MADE FROM ABROAD.
    • 401 No. of operations for the month (By amortization of credits): Record the number of operations corresponding to external credits paid from abroad.
    • 402 Total payments: Record the amount of total external credits paid from abroad.
    • 403 Total payments that have already caused and paid Currency Outflow Tax.
    • 404 Tax base: Record the value obtained from formula 402.
    • 405 Tax on Currency Outflow generated: Record the value obtained from formula 404.
    • 411 N ° of operations for the month: Record the number of operations corresponding to services and intangibles paid from abroad.
    • 412 Total payments: Record the amount of total services and intangibles paid from abroad.
    • 413 Total payments that have already caused and paid Exit Tax Foreign currency: Of the total amount of services and intangibles paid from abroad.
    • 414 Tax base: Record the value obtained from formula 412.
    • 415 Tax on Currency Outflow generated: Record the value obtained from formula 41.
    • 421 N ° of operations for the month (For imports of goods): Register the number of operations corresponding to imports of goods paid from abroad.
    • 422 Total payments: Record the amount of total imports of goods paid from abroad.
    • 423 Total payments that have already caused and paid Foreign Currency Outflow Tax: From the amount of total imports of goods paid from abroad, record the value of those operations that previously paid Foreign Currency Outflow Tax.
    • 424 Tax base: Record the value obtained from formula 422.
    • 425 Tax on Currency Outflow generated: Record the value obtained from formula 424.
  • VALUES TO DECLARE DUE TO PRESUMPTION OUTPUT OF CURRENCY GENERATED IN EXPORTS.
    • 501 Total exports of goods, net: Total amount of exports of goods made during the fiscal period that is the subject of the declaration.
    • 502 Exports of goods whose foreign exchange entered the country: Of the total exports of goods, indicate the amount of foreign exchange corresponding to said exports.
    • 503 Exports of goods whose currencies did not enter the country: Record the value of the formula 501
    • 504 Tax on Currency Outflow generated: Enter the value of the formula.
    • 511 Total exports of services, net: Total amount of exports of services made during the fiscal period reported.
    • 512 Exports of services whose currencies entered the country: Of the total exports of services, indicate the amount of currencies corresponding to said exports, which entered the country within the term provided in the corresponding regulations.
    • 513 Exports of services whose currencies did not enter the country: Record the value of the formula 511.
    • 514 Tax on Currency Outflow generated: Record the value of the formula
    • 524 Tax on the Outflow of Foreign Currency paid on the presumption of all payments made from abroad: In the event that during the tax period that is the object of the declaration, the taxpayer has paid the Tax on the Outflow of Foreign Currency.
    • 599 Foreign Currency Outflow Tax generated presumption of exports: Record the value obtained from formula 504.
    • 799 Consolidated total of Foreign Currency Outflow Tax for the period: Enter the value of the formula (399 +499) or (599).
  • DETAIL OF ATTRIBUTION TO PAYMENT.
    • 890 Previous Payment: Register the value of the tax entered in the original form in which the statement being superseded was made.
    • 897 Interest: Attribution of payment to interest.
    • 898 Tax: Imputation of payment to the tax.
    • 899 Fines: Imputation of payment to fines.

What is it for?

The SRI Form 109 It is a document that will allow us to make the declaration of the taxes on the exit of the currencies. First, it is important to emphasize that the outflow of foreign currency is the process by which the national or foreign currency. Therefore, this leaves the country through commercial transactions or financial transactions abroad.

First, these transactions are included in the balance of payments. When a country buys abroad more than it sells, the deficit that occurs, in a way, means that more foreign currency has gone abroad for the purchase of products than, on the contrary, those that have entered through the sale of products or services.

The procedure to carry out this procedure is as follows:

  1. As a first step, you must enter the SRI website.
  2. Then, you must put the identification number and password in the corresponding boxes.
  3. You must choose the option declarations – Preparation and sending of declarations.
  4. You must select the Form Tax on Currency Outflow
  5. Complete form.
  6. Send statement.

Likewise, if you present any doubt, claim or inconvenience regarding the SRI Form 109 Do not hesitate to contact the customer service center so that the people who are trained can solve the problem or clarify any questions you may have.

Who should File the SRI Form 109?

The Internal Revenue Service (SRI) lists as beneficiaries of submitting the Foreign Currency Outflow Tax declaration form, natural persons (Ecuadorian or foreign) or legal persons (public or private). That is, it is aimed at:

  • Legal person – private
  • Legal – public.
  • Natural person – Ecuadorian.
  • Natural person – foreigner

Therefore, this makes us understand that all people who are in Ecuador, whether legal or not, can request this form without any problems. Let us also remember that SRI Form 109 It is totally free, so it will be available to everyone.

Internal Revenue Service (SRI)

The Internal Revenue Service is the institution in charge of managing the tax policy, ensuring the collection destined to the promotion of social cohesion. The Internal Revenue Service was born on December 2, 1997, based on the principles of justice and equity, in response to high tax evasion, fueled by the almost total absence of a tax culture.

Likewise, since its creation, it has stood out for being an independent institution in the definition of management policies and strategies that have allowed it to be managed with balance, transparency and firmness in decision-making, transparently applying both its policies and legislation. tributary.

Its mission is to manage tax policy, within the framework of constitutional principles, ensuring sufficient collection for the promotion of social cohesion. Similarly, its vision is to be by 2021, an institution recognized for its high degree of innovation and quality of services aimed at citizens, facilitating tax compliance in order to improve the tax contribution and reduce tax evasion and avoidance. Among its objectives are:

  1. Increase voluntary compliance through citizen assistance and empowerment.
  2. Expand the effectiveness of the legal, control and collection processes.
  3. Increase the capacities and knowledge of citizens about their fiscal duties and rights.
  4. Increase Operational Efficiency in the SRI.
  5. Expand the efficient use of the budget in the SRI.
  6. Increase the development of human talent in the SRI.

What is SRI Form 109?

The SRI Form 109 It is a document that will allow legal, natural, foreign and Ecuadorian persons to make the respective declaration of the taxes on the outflow of foreign currency. This is basically done to have a balance of payments when making purchases abroad. This will also allow you to have complete control of your expenses.

Therefore, it is important to emphasize that this document should be at hand at any time and more if you are going to make the declaration. Since, thanks to this form, any type of inconvenience can be avoided. In this way, having all your papers in order, you will be able to make your declaration without any problem.

Finally, to access SRI by telephone, you must call 1700 SRI SRI (1700 774 774), or land lines 042 598 441 and 032998100 nationwide. Likewise, the Telephone SRI is available to citizens / taxpayers from Monday to Friday from 8:00 a.m. to 6:00 p.m. without interruption.

What are you waiting to get your SRI Form 109?

You already have all the necessary information!

We hope we have helped you in your management.

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