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Bolivia Regulates New Wealth Tax

|Approved Changes|Bolivia
Bolivia

Bolivia has published Supreme Decree 4436, which regulates the new wealth tax approved in December 2020. The tax applies for individuals with assets valued at greater than BOB 30 million, including worldwide assets of resident individuals and assets in Bolivia of non-resident individuals, with progressive rates of 1.4%, 1.9%, and 2.4%. The Decree covers various issues for the tax, including the…

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