Update - Implementing Decree Published on Bolivian Penalty Interest and other Changes
On 29 November 2016, Supreme Decree No. 2993 was published in Bolivia's Official Gazette, which implements amendments to the tax code that parliament approved in July 2016 ({News-2016-07-12/A/2- previous coverage}). One of the main amendments is in relation to late tax payment penalties, which includes a change in the interest rate from the rate published by the Central Bank of Bolivia plus 3%…
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