Taxes In Arrears, From The Date That The Obligation Should Be Satisfied Until Your Payment, Shall Accrue Existing Commercial Banking Interest To The Day Of Your Cancellation.

Original Language Title: Los impuestos en mora, desde la fecha en que la obligación debió ser satisfecha hasta la de su pago, devengarán el interés bancario comercial vigente al día de su cancelación.

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Read the untranslated law here:

Law N ° 15 VICTOR PAZ ESTENSSORO constitutional the President because, the Honorable National Congress has sanctioned the following law: the National Congress, D E C R E T A: article 1.-the taxes in arrears, from the date that the obligation should be satisfied until your payment, shall accrue existing commercial banking interest to the day of your cancellation.
Article 2.-All fact that motivates a lower perception of fiscal taxes either by error or other causes attributable to the taxpayer and determine ex officio or by complaint of individuals, shall be punishable by a fine of 25% of the unpaid tax. This fine is independent of the interests referred to in article 1 of this law.
Article 3.-The fines imposed in accordance with the preceding article, when they are the result of the audit work of the officials of income, shall constitute ordinary income of the nation. In cases of complaints from individuals, penalties will entirely benefit complainants.
Article 4.-Taxpayers to pay the first advance payment of the tax on profits from capital investment and who demonstrate with balances that were not taxable profit in the fiscal period subject matter of review, as well as those who pay taxes unduly, excess or in error, will get your refund by means of credit notes issued by the district administrators of the income in view of settlement and of the relevant payment slips. These credit notes will be endorsed by the national administrator of income, the financial controller of the Comptroller and the Director General of revenue, without which have no value.
Credit notes issued with the formalities provided for in this article, are legal documents with countervailing force of tax obligations of own taxpayer, or of third parties and can be endorsed.
Article 5.-those who act as withholding agents for direct or indirect taxation, if not deposited at the offices of the income the amount of their proceeds in the bound by law, commit crime of abuse of trust of public funds, and therefore become subject of criminal sanction.
Article transitional-fine established by article 2 of this law, shall be applied to tapped ex officio outstanding Office notes by the offices of the income, which is your state.
Communicate to the Executive Branch for constitutional purposes.
Session of the H. Congress Hall.
Peace, 21 October 1960.
FDO. Ruben July, President of the National Senate H., E. market Ayala, President of the H. Chamber of Deputies, F. Ayala Requena, Senator Secretary, Alberto Lavadenz, Senator Secretary and Gmo. Muñoz de B., Deputy Secretary, Deputy Secretary, A. Mollinedo.
I therefore enacted it is and meets as a law of the Republic.
Government Palace in the city of La Paz, to the twenty-six days of the month of October of thousand nine hundred and sixty years.
FDO. VICTOR PAZ ESTENSSORO, a. Sánchez pictures, Minister of finance and statistics