Bolivia’s tax authority (Servicio de Impuestos Nacionales—SIN), on Thursday, 2 May, 2024, issued guidance “RND No. 102400000014”, in which it provided the following:
- After submitting an export tax refund request (SDI) with a first-demand surety insurance policy, the SDI will provide a report of proof of filing marked “preliminary acceptance”.After it has been accepted, there will be a 15-day period to issue the tax refund certificate (CEDEIM).
- Similarly, after issuing the filing certificate report, the SDI has 15 days to review, approve, or decline the request. The application for SDI needs to be submitted within a 180-day period, starting from the first business day after the month of the export.
Previously, the process for SDIs backed by a first-demand surety insurance policy was the same as that of the traditional SDIs, which required a prolonged time to acquire CEDEIMs.
On 10 April, 2024, Bolivia announced Supreme Decree No. 5145, which introduces a new modality of export tax refund.
