On 25 June 2014, the Bolivian Deputies Chamber approved Bill 322/2014 - 2015, which introduces transfer pricing regulations in connection with Bolivia's Investment Promotion Act 516.
Application
The transfer pricing rules cover transactions with both resident and non-resident related parties, and apply only to corporate income tax.
Definition of Related Parties
The definition of related parties is in line with the OECD model. This includes when a natural person or legal entity is invo…