Until February of this year, the National Tax Service (SIN) reported that tax collections amounted to $244.83 million, which gives good signs to meet the objectives of the institution. The goal of tax collection in Bolivia for 2020 is to reach $4,741 million, 8% more than in 2019, under an agreement of results signed between the National Tax Service (SIN) and the Ministry of Economy.
As of December 2019, the delay in loan payment reached $496.6 million (1.9% of the total portfolio) 15% more than in 2018, which was $430.3 million. Although indicators are stable, in a context of deceleration, Law No. 393 of Financial Services complicates the sector because it establishes a rate control for the production industry and social housing credit; also it requires placing up to 60% of the portfolio in these two segments. Delayed payment on these two types of loans grew by 29% last year, and the sector’s authorities have asked for the law to be adjusted. By 2020 Asoban expects a portfolio growth of 5%.
The National Statistics Institute (INE) reported that a first proposal of methodology to carry out the National Census in 2022 establishes that this process will cost around $57 million.
Bolivia’s National Customs Service reported yesterday that it is preparing a tax amnesty to recover a $532 million debt.
Fernando Hurtado, who was re-elected president of the Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (CAINCO) for the 2020 – 2021 administration. Orlando Vaca was elected first vice president; Javier Marcelo Camacho, second vice president; Ives de Chazal, Treasurer; and Cristobal Roda Roden, Secretary. Denise Hurtado, Anne Paola McFarlane de Rodríguez and Tania Ponce de León are the new directors of the institution.