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

10 June 2022

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Proposed Changes

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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 taxpayers that failed to fulfill their payment obligations before the draft law's entry into force, with the same conditions provided as long as payments are resumed by the last business day of the third...