- Bolivia has extended the VAT exemption for the import of capital goods and industrial plants.
- The exemption applies to goods destined for the agricultural, industrial, construction, and mining sectors.
- The zero-rated VAT for the commercialization of capital goods and industrial plants in the domestic market has also been extended.
- The goods must be less than or equal to ten years old to qualify for the exemption.
- Documentation proving the age of the goods must be presented.
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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