On 30 April 2015, the Bolivian tax administration published a resolution setting out transfer pricing documentation requirements for related party transactions. The main requirements are summarized as follows.
The documentation filing requirements depend upon the annual value of transactions with related parties:
A full transfer pricing report should include the following information:
Related party transactions should be compared with similar transactions denominated in Bolivian currency (boliviano, BOB). If the transaction is made in another currency, it must be converted to BOB using current exchange rates published by the Central Bank of Bolivia. In the event there is no direct exchange rate in Bolivia, the currency used should be converted to USD and then converted to BOB.
Documentation should be in Spanish.
The documentation requirements are effective 1 May 2015.
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