- Bolivia plans to extend VAT to foreign-supplied digital services
- The rule change may come into effect as soon as June or July this year
- The aim is to level the playing field between domestic and foreign businesses
- Estimated revenue from the extension is around 30 million Bolíviano per year
- The current standard VAT rate of 13% will be applied to digital services provided by foreign digital businesses
- Foreign businesses supplying digital services to customers in Bolivia will be responsible for collecting and remitting VAT
- If foreign businesses are not registered, local payment intermediaries will act as withholding agents for the VAT due on digital sales
Source: vertexinc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
