On 29 November 2016, Supreme Decree No. 2993 was published in Bolivia's Official Gazette, which implements amendments to the tax code that parliament approved in July 2016 ({News-2016-07-12/A/2- previous coverage}). One of the main amendments is in relation to late tax payment penalties, which includes a change in the interest rate from the rate published by the Central Bank of Bolivia plus 3%, to fixed rates of 4% per annum for the first four years of arrears; 6% per annum for the 5th year …