Bolivia Implements New Export Tax Refund Regulations for Faster Processing and Compliance

• New modality of export tax refund introduced in Bolivia
• Deadline for issuance of export and import refund certificates reduced to 15 days
• Exporters must deposit 100% of foreign currency in regulated financial institution
• Exporters must provide surety insurance policy for VAT and consumption tax
• Guarantee on first demand will be activated if exporter does not return tax credit difference
• Export and import refund certificate will be withheld for outstanding tax debts
• Term of payment facilities reduced from 60 to 30 monthly installments

Source: kpmg.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.

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