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.
Tax-News+ Updates
Receive FREE daily updates from Tax-News.com, straight to
your inbox. Register Now!
For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...
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
- just about worthy of praise »
- punted into the long grass »
- The robots are already here »
- Seven reasons to open an offshore bank account »
- Ras-Al-Khaimah International Companies »
- The Pros and Cons of Incorporating in Delaware »
- tax competition is far from dead »
- economic forecasting is a hazardous occupation »
- Cyprus: An ideal gateway »
- Three legs are steadier than two left feet »
- How do I expand my existing business to Ireland and avail of the 12.5% Corporate Tax Rate? »
- UK Experiences a Rise in the Number of British Expats in the UAE Investing in Property »
- no regulation without taxation »
- Top Tips for Overseas Investors looking to attract the Best Tenants »