Paying Taxes in Bolivia

The table below addresses the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year in Bolivia, as well as measures of administrative burden in paying taxes.

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Tax or mandatory contributionPayments (number)Notes on PaymentsTime (hours)Statutory tax rateTax baseTotal tax rate (% profit)Notes on TTR
Transactions tax12 -3.0%sales including VAT61 
Corporate income tax1 12025.0%taxable profits17.8Excluded from total because transactions tax is higher
Social security contributions12 48013.7%gross salaries15.5 
Property transfer tax1 -3.0%sale price1.8 
Property tax1 -varies according to the value of the assetproperty value1.1 
Municipal license tax1 - varies according to the place where the activity is developed, based on the area occupied for the activity 0.6 
Vehicle tax1 -varies according to the value of the assetvehicle value0.1 
Tax on bank transactions1 -0.0%bank transactions0withheld at bank
Value added tax (VAT)12 48013% (effective rate 14.94%)value added not included
Totals:42 1080  80.0 


Notes:
Name of taxes have been standardized. For instance income tax, profit tax, tax on company's income are all named corporate income tax in this table.
The hours for VAT include all the VAT and sales taxes applicable.
The hours for Social Security include all the hours for labor taxes and mandatory contributions in general.