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8.1.1. Other Taxes

The following table provides an overview of other taxes that may be imposed on a company doing business in the country.

Tax Type Rate(s) Notes
Capital Duty Nil There is no capital duty in Bolivia.
Payroll Tax Nil There is no payroll tax separately due by companies on their total payroll expenditure. Employers are required to withhold income tax and social security premiums on behalf of their employees.
Social Security Employer Contribution 16.71%, 18.71% Employer contributions are equal to 16.71% of gross salary. For the mining sector, the contribution is 18.71%. A salary basis cap of 60 minimum national salaries applies.
Social Security Employee Contribution 12.71% The basic employee contribution is equal to 12.71% of gross salary, with a salary basis cap of 60 minimum national salaries. An additional solidarity contribution applies if earnings exceed BOB 13,000. The additional rate is 1%, 5%, or 10%, depending on the gross salary amount.
Property Tax Varies Property tax is levied annually on the cadastral value of real property at the municipal level. The rates are generally progressive and vary by location.
Transfer Tax 3% The transfer of immovable property is subject to a transfer tax at the rate of 3% on the higher of the consideration paid or the officially appraised value.
Stamp Duty N/A N/A
Excise Taxes Varies Excise taxes are levied on tobacco products, alcoholic beverages, certain non-alcoholic beverages, and motor vehicles.
Customs Duty 10%, 5% Customs duty is imposed on consumption goods imported into Bolivia at a standard rate of 10%. A rate of 5% generally applies for capital assets. Bolivia announced economic recovery measures from the COVID-19 pandemic, including a temporary reduction of import tariffs on eligible imports to 0% until 31 December 2021. Eligible imports include machinery, equipment, and functional units intended for the food, agri-food, textile, and metallurgical industries.
Mining and Hydrocarbon Royalties and Tax Varies Companies engaged in mining activities are subject to a maximum mining royalty of 7%. The rate is variable and depends on the type of mineral. Companies engaged in the exploitation of hydrocarbons are subject to an 18% royalty and 32% tax. A special tax on hydrocarbons and derived products (IEHD) is levied at the maximum rate of BOB 8.05/litre (applicable as of 31 December 2020). The rate is updated according to the annual variation of the Unidad de fomento a la vivienda (UFV) (inflation referential index).
Financial Transactions Tax 0.30% A financial transactions tax is levied on bank transactions at the rate of 0.3% from fiscal year 2018 until 2023 (previously 0.25%).