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14.1. Books and Records

Standard corporate taxpayers must keep complete and regular accounting to justify the accuracy of the reportedresults.

The documents required are the daybook showing the operations day by day, which are carried on the –journalbook and the inventory (balance sheet, income statement and notes). For VAT purposes, an electronic book of sales and purchases is mandatory.

A recent modification to the Bolivian Tax Code prescribes longer periods for keeping records, as follows:

  • 6 years from fiscal period 2014
  • 7 years from fiscal period 2015
  • 8 years from fiscal period 2016
  • 9 years from fiscal period 2017
  • 10 years from fiscal period 2018