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Bolivia Issues Regulations for the SIETE-RG Regime to Support Entrepreneurship

02 September 2020

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Approved Changes

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Bolivia

Bolivia's National Tax Service has announced the issuance of Normative Resolution RND 102000000021 of 20 August 2020, which provides the regulations for the recently introduced special regime (SIETE-RG) to support entrepreneurship. As previously reported, the SIETE-RG regime provides for a consolidated payment of VAT, transactions tax (TT), and income tax (IUE) for single-person companies and professionals developing manufacturing or service activities with annual income of BOB 250,000 or less. The resolution establishes the procedures for the regime, including the approval of Form 773-SIETE RG for the purpose of filing the consolidated payment (monotributo) tax return. Taxpayers under the SIETE-RG regime...