The Bolivian National Tax Service has issued on march 02 Resolution 101800000005 which modifies the regulation regarding the loss carry forward regime in  the «Corporate Income Tax.».


The only modification consists on the incorporation of banking and finantial entities under the regulation. According the resolution 10-0008-13, the banking and finantial institutions were excluded from that regulation.


As efect of this regulation, the banking and finantial entities like every tax payer, obligated to have accounting books, will have to consider the following points:

  • Will be able to make deductions of their losses produced since 2011 from the income taxed by the Corporate Income Tax, during the time of three (3) years.
  • The entities who register themselves before the tax administration after september 09 of 2011, will be reached by the tax incentive to new entrepreneurship, which implies that these entities could make deductions during five (5) years after their operation´s start.
  • The losses that have not been deducted under the time established by the regulation, could not be considered in the following periods.

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