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Bolivia to Relax Tax Compliance Rules and Bring Income from Liberal Professions within Scope of Personal Income Tax

|Proposed Changes|Bolivia
Bolivia

The Bolivian parliament is considering a draft law that would relax certain tax compliance rules. Measures include:

  • Extension of the time limit to pay outstanding tax amounts without a penalty from 10 days after the official claim is issued to 20 days;
  • Reduction in the penalty for unpaid tax obligations from 100% of the unpaid tax to 60%; and
  • Extension of prior tax payment facilities for taxp…

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