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🇧🇴 Bolivia /Economy & Trade

Tax relief puts 65,843 taxpayers on path to restoring fiscal standing

From El Deber · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • Bolivia’s tax authority referred 65,843 taxpayer cases to the comptroller under Tax Relief Law 1733.
  • The cases include 55,708 companies and other legal entities and 10,135 individuals, who may have tax restrictions, liens and other enforcement measures removed.
  • Officials said the number of beneficiaries could grow as the tax authority processes more applications.

Bolivia’s tax-relief process has entered a new stage, with 65,843 taxpayer cases sent to the Comptroller General’s Office for the removal of fiscal restrictions. The cases involve people and businesses that either qualified for debt forgiveness or regularized their tax obligations under Law 1733.

Companies and other legal entities account for 55,708 cases, while individuals account for 10,135. Once the restrictions are lifted, beneficiaries can resume certain transactions and procedures that require a favorable certificate of fiscal standing from the state.

Albar Derpic, general manager of the National Tax Service, said the process covers more than the cancellation of eligible tax debts. It also includes taxpayers who used the regularization mechanisms established by the law. “Embargoes and mortgages held by these taxpayers who have regularized their taxes are also lifted, as are other coercive measures such as travel bans or closures,” he said.

Embargoes and mortgages held by these taxpayers who have regularized their taxes are also lifted, as are other coercive measures such as travel bans or closures.

· Albar DerpicThe National Tax Service official described the restrictions covered by the relief process.

The Comptroller General’s Office issues the certificates of information on fiscal standing for individuals and legal entities. Comptroller General Sandra Quiroga said the institution was updating its records to restore beneficiaries’ economic rights. “We are working swiftly, removing all these records from our system and restoring the rights of individuals and legal entities so they can compete again in their economic lives,” she said.

The first 65,843 cases do not represent the final number of beneficiaries. The tax service will continue processing information from taxpayers who joined the mechanisms under Law 1733, so the number of people and companies fully restoring their fiscal standing could increase in the coming weeks.

We are working swiftly, removing all these records from our system and restoring the rights of individuals and legal entities so they can compete again in their economic lives.

· Sandra QuirogaBolivia’s comptroller general described the updating of fiscal records.
About this summary

Originally published by El Deber in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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