According to a recent announcement from the Bolivian Ministry of Finance, draft legislation has been submitted to parliament to increase the rate of additional tax that applies for certain financial institutions with a return on equity index higher than 6%. As proposed, the additional tax rate would be increased from 22% to 25% from 2017 to fund programs and projects in education, health, infrastructure, and others. Affected financial institutions are those regulated by the Supervisory Authority of the Financial System (ASFI).
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