Bolivia Devolves Tax Powers
by Mike Godfrey, Tax-News.com, Washington
28 June 2011
Bolivia's tax system is set for a minor overhaul, with new legislation providing for the reorganization of how taxes are administered at various levels.
Minister of Economy and Public Finance, Luis Arce Catacora has clarified how the new legislation will impact on the country's tax system. He stressed that the Bill in itself does not create new taxes. Rather, it "classifies" existing taxes.
Such "classification" will determine which taxes are valid at a nation-wide level, which will be administered by government departments, and which will be controlled by the municipalities.
This, Catacora said, will provide the departments and municipalities with the power to eliminate or modify those taxes they have control of.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Credit card processing for startup companies »
- Tax Cogs Lock Into Place »
- Anti-Avoidance Measures Are Unavoidable... »
- BEPS And Digital Taxes Grab The Spotlight... »
- Four key industries in the Hong Kong economy »
- Taxpayers Get A Pandemic Pass »
- Governments Get Back to Tax Brass Tacks »
- Tax Tinkering Takes Precedence »
- Seven Benefits of using Mail Forwarding for small business »
- A Direct Look At Indirect Taxes »