Bolivia has published Law No. 1493 of 17 December 2022 in the Official Gazette, which approves the General State Budget for 2023. This includes measures authorizing the Ministry of Economy and Public Finance to enter into public debt operations in foreign capital markets for an amount of up to USD 2 billion. In connection with this, a withholding tax exemption is provided on interest payable in favor of public debt creditors through the issuance of securities in foreign capital markets. Further, a withholding tax exemption is provided on payments for the provision of legal and financial advisory services, and other specialized services, linked to the operation of public debt in foreign capital markets.