Bolivia's Ministry of Economy and Finance recently announced an increase in the national minimum wage to BOB 2,750 for 2025 (up from BOB 2,500 for 2024), as well as a 5% increase in the required basic salary in certain sectors, including health, education, police, and armed forces. Among other things, the national minimum wage is important for personal income tax purposes given that individuals are allowed a monthly deduction equal to four times the minimum wage (exempt amount). The changes …