Bolivia

Paying Taxes in

Bolivia

Below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

This information was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 189 economies. The most recent round of data collection was completed in 2013 (January 1, 2013 – December 31, 2013).

Compare Bolivia to 188 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Transactions tax 12 3% sales 60.96
Employer paid - Social security contributions 12 507 16.71% gross salaries 18.85
Corporate income tax 1 110 25% taxable profit 3.20 not included
Property transfer tax 1 3% sale price 1.82
Property tax 1 various rates property value 1.65
Municipal license tax 1 various rates 0.28
Vehicle tax 1 various rates vehicle value 0.13
Tax on bank transactions 1 0.015% bank transactions 0.01 withheld
Value added tax (VAT) 12 408 13% value added 0.00 not included
Employee paid - Social security contributions 0 paid jointly 12.71% gross salaries 0.00 withheld
Totals: 42.0 1025.0 83.7

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.

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