Bolivia Proposes Full VAT Credit Restoration for Fuel Purchases, Repealing 70% Cap

• Bolivia’s Ministry of Economy and Public Finance has proposed a draft law to restore 100% VAT credit for gasoline and diesel purchases.
• The proposal seeks to repeal the current 70% cap on VAT tax credits for fuel.
• The change aims to correct measures that the Ministry says unfairly harm taxpayers without increasing tax burdens.
• The move is part of broader economic reforms and emphasizes transparency and regulatory consistency.

Source: regfollower.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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