Law to reduce rent to 50% published

The Official State Gazette published the Exceptional Law on Rentals (No. 1342), which establishes a 50% discount on rental fees, as part of the measures to mitigate the economic impact of the Covid-19 pandemic in Bolivia. The new norm also condones the payment of the monthly tax of the Complementary Regime to the Value Added Tax (RC-IVA), with the intention of also favouring the owners.

Source: Los Tiempos