Bolivia’s Zero Rate VAT Regime: Enhancing Efficiency and Promoting Economic Growth

• Bolivian Tax Administration announced changes in applying the Zero Rate regime of VAT
• Zero Rate VAT regime aims to encourage production and consumption of certain goods and services
• Modification includes international road transport service activities of Bolivian cargo companies
• Transport operators must manage reassignment of international cargo transport activity with tax authorities
• Changes seek to create a more favorable environment for taxpayers and promote economic growth
• Simplification of procedures and expansion of benefited products and services could stimulate investment and consumption
• New control standards aim to ensure benefits of regime are applied equitably and efficiently.

Source: auxadi.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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