35% of banana crops were affected by flooding in Chapare

Due to the overflowing of several rivers in the Chaparé region, 2,500 of the 7,000 hectares of banana crops were affected. This figure represents 35 per cent. The economic damage to producers exceeds $600,000.

Users will pay a 13% increase on digital services

The draft bill to extend the scope of the Value Added Tax (VAT) to foreign companies providing digital services in Bolivia will represent a 13 per cent increase in the price of services such as Netflix, Google, Amazon, Facebook and YouTube, among others, to be borne by the end consumer.

Rolando Kempff reelected as president of the National Chamber of Commerce

Rolando Kempff Bacigalupo was re-elected president of the National Chamber of Commerce (CNC). Mario Paredes Vargas will accompany him as first vice-president, Lukas Abendroth Spies as second vice-president, Pablo Torquato Salazar as treasurer and Douglas Ascarrunz Aramayo as pro-treasurer.

YPFB resumes negotiations to export urea for $80 mn

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) retoma las negociaciones para exportar urea y encara la recta final de reactivación de la planta, que demandará 53 millones de dólares. La planta estará funcionando el segundo semestre de este año, periodo en el que también estima exportar urea granulada por 80 millones de dólares. YPFB resumes negotiations to export urea for $80 mn.

Government proposes a 0.67% increase for the National Minimum Wage 2021

The Government proposes a salary increase of only 0.67% for the National Minimum Wage for 2021, arguing that the objective is to restore the purchasing power of the working class that receives the national minimum wage and guarantee labour stability.

IGF collection to date $32.14 mn

The number of people registered for the Large Fortunes Tax (IGF) reached 203 individuals, and 224.1 million Bolivianos (32.14 mn) were collected, informed yesterday by the National Tax Service (SIN). The deadline for registration and payment is this Friday, April 30.