Bolivia: Legislation concerning tax incentives and excise tax rates

Tax provisions in law no. 1462

Tax provisions in law no. 1462

The legislative assembly (asamblea legislativa plurinacionalhas) on 9 September 2022 passed law no. 1462—legislation that reflects certain budget measures for 2022 (presupuesto general del estado de la gestión 2022).

The tax provisions in law no. 1462 (Spanish) [PDF 198 KB] include:

  • An extension of tax incentives, specifically regarding an exemption for capital goods and industrial items to 29 September 2023 (from 8 September 2022)
  • Changes to the rates of excise tax (impuesto al consumo específico—ICE) for certain products

Read a September 2022 report (Spanish) [PDF 253 KB] prepared by the KPMG member firm in Bolivia


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