The Bolivian government issued guidance (Supreme Decree No. 4198 (18 March 2020)) to provide tax relief in response to the coronavirus (COVID-19) pandemic.
The tax relief measures include a deferral of tax payments for corporate income tax until 29 May 2020, and an extension of the value added tax (VAT) credit to 31 December 2020 for certain expenses.
Read a March 2020 report [PDF 123 KB] prepared by the KPMG member firm in Bolivia
Read also a March 2020 report [PDF 627 KB] prepared by the KPMG member firm in Bolivia
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.