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,
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.?
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.