Bolivian VAT rates and VAT compliance

Bolivian VAT rates

The standard VAT rate in Bolivia is 13%.

The current rates are:

Rate	Type	Which goods or services
13%	Standard	All other taxable goods and services, VAT is on gross amount, and so effective rate is 14.94%
0%	Zero	Mining cooperatives and small private mining companies with state contracts, exports; physical books
0%	Excempt	Financial services; tourism services for non-residents

Bolivian VAT compliance

VAT invoices must be supplied for all taxable supplies above BOB 5. They should include the following information.

Name, address of the supplier
Tax number of the supplier
Name, address and tax number of the customer
Indication that it is a tax invoice ‘FACTURA’
Date of supply
Unique, sequential invoice number with expiry date and security code
Virtual invoicing system number and QR code
Description of the goods or services provided, including unit prices
VAT rate, amount charged and gross amount of the invoice

There are several formats for Bolivian-compliant invoices, including: paper, e-invoices and web-based invoices (Sistema de Facturación Virtual). Invoices may be issued in a foreign currency, but must include the Bolivianos equivalent prices and VAT, converted at the rate of the Central Bank.

Bolivia is introducing a new real-time e-invoicing system, Sistema de Facturación Electrónica, between March 2019 and February 2020. This applies to most larger businesses which much provide real-time invoices to the tax authorities via a portal.

Time of supply rules

VAT is due at the time of supply. In Bolivia, this is defined as the time of delivery or transfer of ownership for goods. For services, it is the early of invoice payment or supply of the service. Import VAT is due at the time of clearance of the goods through customs.

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