Bolivia Sales Tax Calculator

Bolivia taxation system was introduced in 1986 at the standard VAT rate of 13%. Sales Tax is charged on work contracts, imports, financial leasing, rent of movable and immovable properties and sale of all movable goods and services within the country.

VAT Calculation Bolivia

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Bolivia taxation system was introduced in 1986 at the standard VAT rate of 13%. Sales Tax is charged on work contracts, imports, financial leasing, rent of movable and immovable properties and sale of all movable goods and services within the country.

Formula:

Add Tax Tax Amount = ( Original Cost * VAT% ) / 100 Net Price = Original Cost + Tax Amount
Remove Tax Tax Amount = Original Cost - ( Original Cost * ( 100 / ( 100 + VAT% ) ) ) Net Price = Original Cost - Tax Amount

Sales Taxes are not applicable for personal income or capital added values. As Bolivia does not have federal system, same taxation law is imposed throughout the Bolivian territory.

Example

Find the VAT price and net price in Bolivia (GST % is 13) for an amount of 25000

Add Tax

Solution :
GST % = 13
Amount = 25000

Step 1 :
GST Price = (25000 * 13 ) / 100
     = 3250

Step 2 :
Net Price = 25000 + 3250
     = 28250

Hence the VAT Price is 3250 and Net Price is 28250

Remove Tax

Solution :
GST % = 13
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 13)))
                 = 25000 - (25000 * 0.88)
                 = 25000 - 22123.89
                 = 25000 - 22123.89
GST Price = 2876.11

Step 2 :
Net Price = 25000 - 2876.11
                = 22123.89

Hence the VAT Price is 2876.11 and Net Price is 22123.89

Sales Taxes are not applicable for personal income or capital added values. As Bolivia does not have federal system, same taxation law is imposed throughout the Bolivian territory.


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