Tax
IUE at 25 percent and IVA at 13 percent administered by SIN
The Servicio de Impuestos Nacionales administers taxation. The impuesto sobre las utilidades de las empresas (IUE) is 25 percent, and IVA is 13 percent calculated on a tax-inclusive base. There is also a 3 percent transactions tax (IT) on gross receipts, and financial-sector surcharges. Individuals pay the RC-IVA complementary regime rather than a conventional income tax.
Key rules
- Jurisdiction — National, with departmental and municipal taxes in addition
- Deadline — IUE return: within 120 days of the financial year end (year end varies by sector)
- Deadline — IVA and IT: monthly by the RUC-based calendar
Governing law
- Ley 843 - Texto Ordenado Tributario
- Ley 2492 - Código Tributario Boliviano
In practice
Bolivia is unusual in setting different statutory financial year ends by economic sector — industrial, agricultural, mining and commercial activities each close on different dates — which determines filing deadlines. The RC-IVA works by allowing employees to offset VAT on personal purchases against the tax due on salary, so collecting invoices has direct personal tax value.