Bolivia

Overview

Last reviewed - 02 July 2020

Bolivia, a landlocked country in South America, is bordered by Brazil to the north and east, by Argentina and Paraguay to the south, and by Chile and Peru to the west. It is a democratic republic that is divided into nine departments. Its capital city is Sucre; however, the government is based in La Paz. The boliviano (BOB) is the official currency of Bolivia, and the official languages include Spanish and numerous native languages.

Bolivia is rich in natural resources and has the second largest natural gas reserves in South America. Foreign and domestic investments have increased mainly in the construction and infrastructure sector (construction of highways, bridges, buildings, shopping centres). On August 2019, a major project was concluded for the construction of a cement plant in Oruro with an investment of approximately 300 million United States dollars (USD). In addition, the Bolivian government has entered into a construction project of a Research and Development in Nuclear Technology Centre to be set up in El Alto, La Paz with a proposed investment of approximately USD 300 million, which is envisaged to be one of the most important nuclear centres in South America. There are also relevant projects for the oil and gas industry related to the construction of a polythene and polypropylene plant, as well as projects related to the construction of lithium carbonate plants.

PwC Bolivia has approximately 300 professionals in its audit, tax, and consulting practices. These professionals include accountants, lawyers, economists, tax specialists, consultants, and systems engineers. PwC Bolivia offers a range of tax and legal services, including tax compliance, tax consulting, merger and acquisitions, tax due diligence, tax planning, transfer pricing, support to audit and outsourcing PwC teams, constitution of entities in Bolivia, and residence and migratory advice.

Quick rates and dates

Corporate income tax (CIT) rates
Headline CIT rate (%)

25 (except for mining and financial institutions, which have an additional income tax rate).

Corporate income tax (CIT) due dates
CIT return due date

120 days after the fiscal year-end.

CIT final payment due date

120 days after the fiscal year-end.

CIT estimated payment due dates

NA (except for mining companies, which must make advanced payments as regards to the additional income tax).

Personal income tax (PIT) rates
Headline PIT rate (%)

13

Personal income tax (PIT) due dates
PIT return due date

NA for employment income.

Quarterly for investment and other income.

PIT final payment due date

NA

PIT estimated payment due dates

NA for employment income.

Quarterly for investment and other income.

Value-added tax (VAT) rates
Standard VAT rate (%)

13

Withholding tax (WHT) rates
WHT rates (%) (Div/Int/Roy)

Resident: NA;

Non-resident: 12.5 / 12.5 / 12.5

Capital gains tax (CGT) rates
Corporate capital gains tax rate (%)

Capital gains are subject to the normal CIT rate.

Individual capital gains tax rate (%)

NA

Net wealth/worth tax rates
Headline net wealth/worth tax rate (%)

NA

Inheritance and gift tax rates
Inheritance tax rate (%)

1 / 10 / 20

Gift tax rate (%)

1 / 10 / 20

NA stands for Not Applicable (i.e. the territory does not have the indicated tax or requirement)

NP stands for Not Provided (i.e. the information is not currently provided in this chart)

All information in this chart is up to date as of the 'Last reviewed' date on the corresponding territory Overview page. This chart has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this chart without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this chart, and, to the extent permitted by law, PwC does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this chart or for any decision based on it.