Bolivia’s National Tax Service recently introduced Resolution No. 102500000040, which outlines new VAT credit distribution rules specifically for oil block operators. The new regulation, effective November 1, requires operators to submit monthly online credit distribution forms by the 10th of each month. Furthermore, operators must register their operating contracts by November 1 and report any relevant changes within five business days. A grace period is extended until November 10 for operators to finalize credit distributions incurred between April and September.
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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