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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 administrative burden in paying taxes and complying with postfiling procedures.

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 190 economies. The most recent round of data collection was completed on June 1, 2016 covering for the Paying Taxes indicator calendar year 2015 (January 1, 2015 – December 31, 2015).

Compare Bolivia to 189 other economies.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% of profit) Notes on TTR
Transactions tax 12 3% sales 60.96
Corporate income tax 1 110 25% taxable profit 3.20 not included
Employer paid - Social security contributions 12 507 16.71% gross salaries 18.85
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 jointly 12.71% gross salaries 0.00 withheld
Totals: 42.0 1025.0 83.7
  • Taxes by type Answer
    Profit tax (% of profit) 0.0
    Labor tax and contributions (% of profit) 18.8
    Other taxes (% of profit) 64.9
    Answer Score
    Postfiling index (0-100) 49.1
    VAT refunds 0.0
    Does VAT/GST exist? Yes
    Frequency of VAT/GST refund submission monthly
    Does a VAT/GST refund process exist per the case study? No
    Restrictions on VAT refund process Restricted to international traders
    Likelihood of VAT audit N/A
    Time to comply with VAT refund (hours) N/A 0.0
    Time to obtain a VAT refund (weeks) N/A 0.0
    Corporate income tax audits 96.3
    Does corporate income tax exist? Yes
    Likelihood of corporate income tax audit Unlikely
    Time to comply with a corporate income tax audit (hours) 3.5 96.3
    Time to complete a corporate income tax audit (weeks) 0.0 100.0
    Administrative appeal process
    First level administrative appeal authority Autoridad de Impugnacion Tributaria
    Is the appeal authority independent? Independent Department within tax office
    Are appeal guidelines accessible to the public? Yes
    Source of appeal guidelines in printed publication/in person at the tax office
    Is there a legal time limit for the appeal authority to issue a decision on the tax appeal? No
    Legal time limit