Bolivia has published Law No. 1546 on the General State Budget for 2024. The Law includes an article on incentives for industrialization which extends and expands similar VAT incentives that were provided previously. This includes the following from 1 January 2024 to 31 December 2024:
- A VAT exemption on the import of capital goods and industrial plants, intended for the agricultural, construction, industrial, and mining sectors; and
- A VAT zero-rate for the domestic sale of capital goods and…