Information about Bolivia Minimum wage and taxes.

Here is information about minimum wage and taxes in Bolivia:

1. Minimum Wage: The minimum wage in Bolivia has been determined as 2,122 Bolivianos per month as of 2021. This amount is valid for all workers working in different sectors of the country.

2. Tax System: The tax system in Bolivia includes elements such as income tax, consumption tax and employer social security contributions. - Income Tax: In Bolivia, income tax is applied at different rates depending on monthly earnings. Income brackets and tax rates are as follows: - 0 - 4,000 Boliviano: 0% - 4,001 - 6,000 Boliviano: 13% - 6,001 - 8,000 Boliviano: 15% - 8,001 - 10,000 Boliviano: 20% - 10,001 and above Boliviano: 25% - Consumption Tax: In Bolivia, consumption tax is applied at different rates depending on the value of the purchases. A consumption tax of 13% is typically charged. - Employer Social Security Contributions: Employers must make social security contributions through employees' salaries. This rate usually varies between 12% and 15%.

3. Tax Deductions and Incentives: In Bolivia, tax deductions and incentives are encouraged in areas such as investment, employment creation and regional development. These incentives can take the form of tax deductions, tax exemptions and other incentives.

4. Other Taxes: Other taxes in Bolivia include taxes such as real estate tax, vehicle tax, business tax. These taxes may vary depending on the value or type of asset or activity involved. The above information provides an overview. It is important to fully understand your tax situation and consult a qualified advisor regarding any tax payments or deductions.