Bolivia revises payment document rules for transactions over BOB 50,000

16 October, 2024

Bolivia’s National Tax Service released Normative Resolution No. 102400000021 of 20 September 2024, which updated rules for documentation on transactions over BOB 50,000, effective for all individuals and entities.

The Normative Resolution No. 102400000021 takes effect on 1 January 2025, replacing Normative Resolution No. 10-0017-15 of 26 June 2015.

Payment documents are required for transactions over BOB 50,000, detailing the issuer’s name, the transaction/document number, the transaction dates, and the transaction amount.

Transactions missing necessary payment documents can lead to the loss of input VAT credits for buyers, the inability of sellers to offset input VAT with output VAT, and buyers not treating transaction expenses as deductible for corporate tax. Additionally, RC-VAT taxpayers can’t deduct VAT from invoices as advance payments. The tax implications mentioned above may apply for similar recurring transactions under BOB 50,000 if the total surpasses BOB 50,000.

Taxpayers must register covered transactions in the “Auxiliary Banking Registry” during the payment period, regardless of the payment type, such as single payment, partial payment, or advance payment.

The information must be submitted monthly via the “Auxiliary Banking Registry” according to the following schedule:

Month	Deadlines
January	last business day of March
February	last business day of April
March	last business day of May
April	last business day of June
May	last business day of July
June	last business day of August
July	last business day of September
August	last business day of October
September	last business day of November
October	last business day of December
November	last business day of January of the following year
December	last business day of February of the following year

A transitional provision requires that for transactions in 2024 and earlier, that are unregistered or need changes, information must be submitted by the following specific deadlines based on the tax ID number’s last digit.