Bolivia COVID-19 Tax Response

Across Latin America, Government’s have been working overtime to ensure that changes are made to the financial systems in an effort to combat COVID-19 and keep the country running.

Bolivia’s government have like many of their neighbours acted in a timely manner. Payments due for corporate income tax were deferred until the 29th May. The corporate tax filing and payment deadline was extended from April 30 to May 29. In addition if 50 percent of this is paid before June 1, 2020, the remaining 50 percent can be spread across three monthly instalments without fear of penalties.

More recently, the Bolivian government has postponed the rollout of electronic VAT invoices, which were due to commence on June 1. Bolivia has also delayed tax filings and cut rates to help businesses during the COVID-19 crisis. It has cut its Transaction Tax, which is a 3% levy on sales, for April, May and June.

It is intriguing to contrast Bolivia’s approach to some of her neighbours, and though some of the measures are not as far reaching they will certainly help the working community.

We are on hand to provide constant updates regarding Latin American and African nations´ Tax responses to COVID-19.