Modification To The Bolivian Tax Loss Carry Forward Regime

The Bolivian National Tax Service has issued on march 02 Resolution 101800000005 which modifies the regulation regarding the loss carry forward regime in the «Corporate Income Tax.».

Modifications

The only modification consists on the incorporation of banking and finantial entities under the regulation. According the resolution 10-0008-13, the banking and finantial institutions were excluded from that regulation.

Highlights

As efect of this regulation, the banking and finantial entities like every tax payer, obligated to have accounting books, will have to consider the following points:

Will be able to make deductions of their losses produced since 2011 from the income taxed by the Corporate Income Tax, during the time of three (3) years. The entities who register themselves...