Bolivian government ot impose tax to purchase and sell U.S. dollars

Posted on August 24, 2012 • Filed under: Bolivia, Business, TRAVEL

The Bolivian government sent a bill to Congress to create a tax of 0.70% to the purchase and sale of dollars as part of its policy to “bolivianizar” the local economy. According to Economy Minister Luis Arce, “this tax to the sale of foreign currency logic looks to continue to deepen the use of national currencies”. The plan announced Wednesday will come into force this year, after approval of the budget law in the bicameral Congress, which controls the ruling party of Evo Morales. Read Article

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