Government enacts Law on the Tax on Large Fortunes, the refund of VAT and Budget 2021

On Monday morning, the Government passed three laws:
1.The Tax on Large Fortunes (IGF) will be applied annually to those who have a wealth of more than Bs 30 million ($4.3 mn).
2.The Value Added Tax (Re-VAT) establishes a 5% cash refund for people who earn less than 9,000 Bolivianos ($1291.25).
3.General State Budget Law (PGE) which will prioritise public investment with $4.01 billion which, according to the Government, will help economic recovery.

Source: El Deber