Bolivia Considers 10-Year VAT Exemption for Electric Vehicles and Components

The Bolivian Chamber of Deputies accepted Bill No. 630/2024-2025 on September 17, which aims to promote electric mobility over the next ten years. This legislation proposes a temporary VAT exemption on the import of all electric vehicles, including land and water transport, as well as essential related equipment. The bill also specifies a zero VAT rate on domestic sales of these vehicles and components like batteries, control systems, and conversion kits. If approved, the law will become effective fifteen days after its official publication, significantly boosting the country’s electric vehicle sector.

Source: news.bloombergtax.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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