- The Bolivian Official Gazette published Supreme Decree No. 5303 on January 2
- The decree exempts VAT on imports of crude petroleum oil, gasoline for motor vehicles, and diesel oil
- It offers incentives for reinvestment of profits by partners or shareholders from abroad in Bolivian companies or foreign company branches
- Tax on corporate profits distributed to partners or shareholders varies based on reinvestment amount
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
