Modifies Article 51 Ter Of Law No. 843 Of 20 May 1986 (Text Ordered Existing).

Original Language Title: Modifica el Artículo 51 ter de la Ley N° 843 de 20 de mayo de 1986 (Texto Ordenado vigente).

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law no 771

LAW OF DECEMBER 29, 2015

EVO MORALES AYMA

CONSTITUTIONAL PRESIDENT OF THE PLURINATIONAL STATE OF BOLIVIA

For the Plurinational Legislative Assembly, has sanctioned the following Act:

THE PLURINATIONAL LEGISLATIVE ASSEMBLY,

DECRETA:

Article 1. (OBJECT). This Law is intended to amend Article 51 ter of Law No. 843 of 20 of

May 1986 (Current Order).

Article 2. (MODIFY). Article 51 ter of Law No 843 of 20 May 1986 (Text

Current order) is amended, with the following text:

? Article 51 b. When the ratio of profitability to the equity of financial intermediation entities, regulated by the Supervisory Authority of the Financial System-ASFI, exceeds six per cent (6%), Net taxable profits of these entities will be taxed with an additional aliquot of the Company's Utility Tax of twenty-two percent (22%).

The additional aliquot will not be computable as a payment on account of the Transaction Tax.

The procedure for applying this Article, will be regulated by Supreme Decree.?

FINAL DISPOSITION

ONLY. This Act shall enter into force from 1 January 2016.

Remit to the Executive Body for constitutional purposes.

Is given in the Session Room of the Plurinational Legislative Assembly, at the eighteen days of December of the year two thousand fifteen.

Fdo. Jose Alberto Gonzales Samaniego, Lilly Gabriela Montano Viana , Ruben Medinaceli Ortiz, Maria Argene

Simoni Cuellar, Nelly Lenz Roso, Erik Moron Osinaga.

Therefore, I enact it so that it has and complies with the law. of the Plurinational State of Bolivia.

Palace of Government of the city of La Paz, at the twenty-nine days of the month of December of the year two thousand fifteen.

FDO. EVO MORALES AYMA, Juan Ramon Quintana Taborga, Luis Alberto Arce Catacora.