VATupdate

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

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%.

Source Orbitax

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