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Bolivia Reports Major Surge in Tax Contributions: Commerce, Mining, and Chemicals Lead Growth
Bolivia’s sustained economic reactivation and government-led inflation containment policies have driven significant increases in tax revenue across several key sectors in the first four months of 2025. According to the Servicio de Impuestos Nacionales (SIN), national tax contributions between January and April rose sharply compared to the same period in 2024, led by commerce, mining, and chemical industries.
“This tax growth reflects the effectiveness of the government’s economic management and continuous market revitalization,” stated SIN President Mario Cazón.
Read More: Bolivia’s Re-IVA VAT Refunds Surge by 14.6% in Early 2025
Key Sectoral Tax Contributions (Jan–Apr 2025 vs. Jan–Apr 2024)
Commerce
- 2024: Bs 2.688,3 million
- 2025: Bs 3.516,6 million
- Growth: +30.8%
Commerce showed the strongest absolute tax contribution increase, reflecting improved domestic demand and trade recovery.
Metallic & Non-Metallic Minerals
- 2024: Bs 423,4 million
- 2025: Bs 931 million
- Growth: +119.9%
This sector saw the highest percentage growth, likely driven by increased global commodity demand and enhanced export performance.
Chemicals & Related Products
- 2024: Bs 191,9 million
- 2025: Bs 280,1 million
- Growth: +46%
Tax collections from the chemical sector reflect increased industrial production and regulatory compliance.
Additional Sector Highlights
| Sector | 2024 (Bs million) | 2025 (Bs million) | % Growth |
|---|---|---|---|
| Financial Services | 2,408.7 | 2,949.4 | +22.4% |
| Beverages | 1,004.7 | 1,228.4 | +22.3% |
| Business Services | 986.3 | 1,030.7 | +4.5% |
| Communications | 730.1 | 742.3 | +1.7% |
| Transport & Storage | 723.1 | 740.0 | +2.3% |
| Community, Social & Personal Services | 579.5 | 632.4 | +9.1% |
| Construction & Public Works | 430.6 | 445.8 | +3.5% |
| Non-Metallic Mineral Products | 150.9 | 171.8 | +13.9% |
| Diverse Food Products | 112.7 | 170.1 | +50.9% |
Policy Impact: Inflation Control & Economic Reactivation
The Bolivian government’s fiscal and economic policies, aimed at price stabilization and business revitalization, are credited with boosting sectoral productivity. The increased tax revenue is seen as a direct outcome of:
- Inflation containment efforts
- Expanded economic activity post-pandemic
- Improved formalization and compliance
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