Tax The Income. - Is Elevated To Rank Of Law Decree Of 20 July 1936 With Modifications.

Original Language Title: IMPUESTO A LA RENTA.— SE ELEVA A RANGO DE LEY EL DECRETO DE 20 DE JULIO DE 1936 CON MODIFICACIONES.

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LAW

IMPOSED ON RENTA.â € The Decree of July 20, 1936 with modifications is raised to the law range.

TCNL. GERMAN BUSCH.

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA,

FOR HOW much the H. National Convention has sanctioned the following law:

THE H. NATIONAL CONVENTION

DECCRETA:

ArtA-cull 1A ° .†" The decree "law of July 20, 1936, with the modification of its articles 1o, 3A °, 4A °, 14, 21 and 32, in the following form:

Article 1A ° .â€" The tax that taxes the income from services Personal data, as referred to in Articles 3A and 6A of the Law of 3 May 1928, shall be settled and shall be charged. about the total amount of the same, as a single tax according to the following scale:

For Bs. Fixed Tax On More More Than All

surplus

Up To 4 ,800,†"Free

From 4 ,801.â€" to 7 ,200,†"1%

" 7,200,†"to 9 ,600.â€" 72.†"7, 200.â€" 2%

"9,600,â€" to 12 ,000.†"120.â€" 9, 600.†"3%

" 12 ,000.†"to 14 ,400.â€" 192.†"12 ,000.â€" 4%

"14 ,400,â€" to 16 ,800.†"288.â€" 14, 400.†"5%

" 16 ,800,†"to € 19,200,â€" 408.†"16, 800.â€" 6%

"19 ,200,â€" to 21 ,600.†"552.â€" 19, 200.†"6%

" 21 ,600,†"to € 25,200,â€" 804.†" 21%

"25 ,200.â€" to 28 ,800.†"1.092.â€" 25, 200.†"9%

" 28 ,800,†" a 34 ,800.†"1, 692.â€" 28, 800.†" 10%

"34 ,800,â€" a 40,800.†"2, 222.â€" 34, 800.†"11%

" 40 ,800,†"at 50 ,000.â€" 2, 832.†"40, 800.â€" 12%

"50 ,000.â€" forward 3 ,996.†"50 ,000.â€" 13%

A

ArtA-ass 3A ° .†"Parents parents will deduct the annual amount of their income, for their minor children, who are under their protection and protect the sum of one thousand five hundred (Bs. 1 ,500,†") for each

On the resulting balance, practiced that are the reference deductions, the respective tax will be computed.

ArtA-ass 4A ° .†"To credit the taxpayer's marital status, in case of doubt, only the certificate granted by the Civil Marriage Officer will be accepted. In addition, the deductions referred to in Article 3 shall be agreed only in the light of the respective birth certificate issued by the competent authority.

In the cases of divorce, the tax obligation shall be qualified as

for the purposes of Article 2A, the widowers without children and divorcees who are not obliged to pass on food to their ex-cennyuge are considered to

single.

ArtA-ass 14A ° .†" It is considered movable capital income that comes from all credit operations, the main ones being the following:

Interest in mortgage bills and bonds issued by any Bank, Compa ± A-a, Corporaciones o Asociaciones radicados en el paA-s o que constitute proofs of debt of any kind, of such Banks, Compaà ± A-as, Corporaciones o Associations concernA-entes to their properties or business in Bolivia, even if they are paid to entities or persons residing abroad.

Interest in debt securities public of the State, departments or municipalities, except for cases of express legal exposure.

Interest, commissions, etc., arising from loans of any kind, accounts of deposits and credit operations in general.

The interest, commissions and surcharges that originate from the price part due, in the contracts of buy†" sale.

The loss of profit that is recognized in the contracts of sale and transfer, in the cancellation of obligations and in the loss of credit operations.

The income or profit derived from contracts of the anti-financial loan.

The credits of consignative censuses and chaplains.

The prizes, bonuses, gifts and rewards of any kind from the exploitation, by person other than the owner, of the patents of the invention and the brands of the factory.

Mortgage Letters that accrues less than six percent (6%) to the year, will be taxed only at 5%.

ArtA-ass 21A ° .†" The complementary global tax referred to in the additional law of May 3, 1928, will be settled and charged according to the following scale:

For Bs. Fixed Tax on MA over

all surplus

Up to 60 ,000.†"Free

From 60 ,001.â€" to 70 ,000.†"1%

" 70.000.†"