On 24 July 2014, Bolivia's new transfer pricing regulations were published in Law No. 549 in the country's Official Gazette. The law sets out the 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 inc…