Bolivia Gazettes Decree Providing Corporate, Transaction Tax Measures Due to Coronavirus

TThe Bolivian Official Gazette March 18 published a decree providing tax measures in response to the coronavirus pandemic. The decree includes measures: 1) extending to May 20 the deadline for corporate income tax (IUE) payment on years ending Dec. 31, 2019; 2) providing three installments for IUE payment, if 50 percent of the tax is paid before June 1; 3) allowing transaction tax (IT) deductions for large and general taxpayers when IUE is paid in cash before May 15; 4) excluding for up to six months VAT payments from gross income calculations for IT; and 5) implementing a deduction for ...