On 1 July 2016, Bolivia published Law No. 812 of 30 June 2016 in the Official Gazette. The law is the final version of bill PL-153-16 ({News-2016-06-21/P/3- previous coverage}) as approved by the Chamber of Senators (upper house of the legislative assembly) and amends the country's rules concerning late tax payment penalties. The final law provides for fixed interest penalty rates as follows:
- 4% per annum for the first 4 years of arrears (beginning the day after the payment is due);
- 6% per a…