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Bolivia Relaxes Tax Compliance Rules and Provides New Extension of Tax Payment Installment Facilities for Non-Compliant Taxpayers

04 August 2022

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Approved Changes

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Bolivia

Bolivia has published Law No. 1448 of 25 July 2022 in the Official Gazette, which relaxes 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; and Reduction in the penalty for unpaid tax obligations from 100% of the unpaid tax to 60%. The law also provides for the extension of tax payment installment facilities for taxpayers that previously failed to fulfill their payment obligations under installment agreements up to the date prior to the law's publication (i.e., up...