In September 2018, the Bolivian government passed Law 1105 (‘Regularisation of Central Tax Charges’) whereby taxpayers are able to regularise unpaid taxes prior to the approval of this law with the benefit of non-application of interest and a reduction of tax penalties as follows: (i) payment of restated tax debt (i.e. historic tax debt, plus restatement by inflation) and penalties equal to 5% of restated unpaid taxes if such payments are made up to 30 November 2018; (ii) further regularisation under this law and until 28 February 2019 will have the same benefits; however, penalties will be equal to 10% of restated unpaid taxes; and (iii) regularisation of unpaid taxes under this law made through instalments agreed with the Bolivian Tax Authorities (BTA) will have the same benefits, but penalties will be equal to 20% of restated unpaid taxes. Subsequently, in May 2019, Law 1172 was passed, which extended the regularisation period until 28 June 2019.
On 22 November 2018, the BTA approved an Administrative Resolution (AR 101800000026) that implements and regulates the electronic billing system, whereby the taxpayers’ billing system must be online connected with the BTA’s servers from March 2019 onwards. In principle, this norm implements utilisation of fiscal digital documents whereby manual invoices must only be issued in case of contingent events (e.g. failure of the billing system, lost Internet connection, etc.). Due to lack of familiarisation and operational regulations, this norm has, in principle, been suspended up to August 2019. Subsequently, on 26 February 2019, Administrative Resolution 101900000003 (AR 101900000003) updated previous Administrative Resolution 101800000026 where, among other changes, the mandatory implementation and certification date of the electronic billing system was established as follows:
||1 November 2019
||1 February 2020
||1 May 2020
||1 August 2020
||1 November 2020
Taxpayers need to verify in which group they are listed to be aware of the implementation date applicable to their situation, which can be confirmed by accessing the BTA’s website.
Financial Transaction Tax (FTT) at a rate of 0.30% has been extended until 31 December 2023. FTT is a tax levied on debit/credit on saving/current accounts opened in foreign currency in a local financial institution.
On 15 February, Administrative Resolution 101900000002 was issued, which updated the countries/regions considered low or nil taxation jurisdictions for tax purposes.