Bolivia Lower House Considers Bill to Temporarily Exempt Import VAT, Zero-Rate Sales for Electric Vehicles

The Bolivian Chamber of Deputies Sept. 17 accepted for consideration Bill No. 630/2024-2025, to establish a temporary VAT exemption on imports and zero-rate on sales, for electric vehicles and related equipment, for a period of 10 years. The bill includes measures to: 1) exempt VAT on imports and apply zero-rated VAT to domestic sales of electric vehicles, including land and water vehicles, as well as kits and components for converting combustion vehicles to electric; and 2) apply the VAT exemption and zero rate to batteries, control systems, and photovoltaic cells used for electric vehicles and vessels. The law would apply ...