Regime Of Rate Zero In The Value Added Tax For The Sale Of Minerals And Metals In The First Phase Of Marketing

Original Language Title: RÉGIMEN DE TASA CERO EN EL IMPUESTO AL VALOR AGREGADO PARA LA VENTA DE MINERALES Y METALES EN SU PRIMERA FASE DE COMERCIALIZACIÓN

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law no 186

LAW OF NOVEMBER 17, 2011

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:

? ZERO RATE REGIME IN VALUE ADDED TAX

FOR THE SALE OF MINERALS AND METALS

IN ITS FIRST PHASE OF MARKETING?

Article 1.

I. As of the duration of this Law, sales in the internal market for minerals and metals in its first stage

for marketing, made by mining cooperatives, including primary producers who produce in a craft manner and are subject to a contract with the State, in accordance with Article 369 of the Constitution of the State, which are included in the object of the Value Added Tax-VAT, shall apply a zero rate on this tax.

II. In the following stages of marketing of minerals and metals made in the internal market, will the General Value Added Tax rate be applied? VAT as provided for in Title I of the Ordained Text of Law No. 843.

Article 2.

I. It is incorporated as Article 177 bis. of Law No. 2492 of 2 August 2003, Bolivian Tax Code, the following

text:

? Article 177 a. The buyer on the domestic market, who dolously includes, retains or transfers the amount of an indirect tax on the sale price, which has the same effect on the seller, the amount of which is a benefit lower than UFV's 10,000.-Ten Thousand Housing Development Units, will be sanctioned with progressive fines and special disqualifications that will be regulated. When the amount is

equal to or greater than the UFV's 10,000.-Ten Thousand Housing Development Units, in addition to the sanctions described above, a penalty of (3) three to (6) six years of custodial sentence will be applied. The amount shall be understood as referring to each of the concepts whereby a taxable event is liable to be wound up.

II. For the purpose of exercising control of this standard in the internal market for minerals and metals, the Service of

National Taxes? SIN and the National Registry and Control Service for the Marketing of Minerals and Metals-SENARECOM, respectively, will regulate and apply the necessary control and control measures.

Article 3. In order to prevent the This scheme will benefit entities that do not have the structure or purposes of the

mining cooperatives or primary artisanal producers subject to contract with the State, the Executive Body by Supreme Decree will regulate the parameters Classification as applicable, whereas for the purpose of the purpose, nature, characteristics, and organizational structure.

Article 4. The treatment set out in this standard shall be applicable to all subjects found

in the Tax Identification Number- NIT, and to which within the time limit determined by the regulation is registered in this registry, to this effect the National Tax Service-SIN, will adapt its issuance to this standard.

Article 5.

I. The Executive Body This rule shall be regulated within 60 days of the date of its entry into force.

II. This Law shall enter into force from the first day of the month following the publication of the Supreme Decree

.

Remit to the Executive Body, for constitutional purposes.

It is given in the Session Room of the Plurinational Legislative Assembly, on the first day of November of the year two thousand eleven.

Fdo. Martha Poma Luque, Flora Aguilar Fernández, Jeanine Anez Chávez, Carmen García M., Agripina Ramírez

Nava, Ángel David Cortés Villegas.

Therefore, it is enacted so that it has and complies with the Law of the Plurinational State of Bolivia.

City of La Paz, at seventeen days of the month of November of two thousand eleven years.

FDO. EVO MORALES AYMA, Carlos Romero Bonifaz, Luis Alberto Arce Catacora, José Antonio Pimentel Castillo.