Bolivia: Guidance on tax incentives for import and marketing of capital goods and industrial plants

Requirements with respect to the age of the goods

Requirements with respect to the age of the goods

Supreme Decree No. 5095 (dated 3 January 2024) provides guidance on the tax incentives introduced by Law No. 1546 of the 2024 General State Budget (i.e., value added tax (VAT) exemption for importation and zero VAT rate for domestic sale) for certain goods destined for the agricultural, industrial, construction, and mining sectors (to be established by the Executive Body through Supreme Decree) effective 1 January 2024 to 31 December 2024. Read TaxNewsFlash

The decree provides certain requirements with respect to the age of the goods:

  • The age of the goods must be less than or equal to 10 years, and documentation must be presented that proves such condition. When this documentation is not available, the age will be accredited through an affidavit signed by the importer.
  • Public institutions and companies in which the central level of the state has absolute participation may import the goods as long as they are new merchandise under the responsibility of the Highest Executive Authority (MAE).

Read a January 2024 report (Spanish) [PDF 364 KB] prepared by the KPMG member firm in Bolivia 



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