
Oracle NetSuite Tax Compliance for Bolivia
The LatamReady App extends the power of Oracle NetSuite Cloud ERP to enable international corporations to achieve full tax compliance in Latin America.
An innovative Built-for-NetSuite solution, the LatamReady App natively supports Tax & Accounting Compliance, Tax Reporting, Electronic Invoicing, and many more amazing features for 18+ Latin American countries, including Bolivia!
About LatamReady


LatamReady
App Bolivia
The LatamReady App is always up to date with all monthly and annual tax reporting forms, making it easy for companies to comply with local tax reporting requirements in Bolivia.
Electronic Payments
Features for Bolivia
LatamReady Supports Massive Bill Payments
Electronic Invoicing Features for Bolivia
Send E-Invoices Directly from Inside NetSuite
LatamReady SuiteApp
Bolivia - Standard Edition
1. Local legally required information (NIT, Tipo de persona)
2. Local transaction types and information required to produce legal ledgers required by SIN (Bolivian Tax Agency)
3. Withholding Taxes Engine to manage (IT and IUE) using NetSuite standard feature
1. Professional Services (Por el ejercicio de profesiones liberales u oficios)
2. Rent and Interest (Por alquileres, intereses y otros similares)
3. Foreign Withholding Tax (Retenciones al exterior)
4. Reports to be presented to SIN:
i. Libro Ventas IVA (CSV format)
ii. Libro Compras IVA (CSV format)
iii. Libro de Ventas IVA - NC/ND
iv. Libro de Compras IVA - NC/ND
v. Libro de Retencion
Electronic Invoicing via COMFIAR Bolivia (NetSuite e-Invoicing module is required). COMFIAR is the e-Invoicing local supplier that will be directly connected to NetSuite (v. 2019.1)

LatamReady Add-Ons
NetSuite Editions:
OneWorld & Midmarket Edition / SuiteTax & Legacy
Customer Care Support
For Bolivia
Always Up to Date!
Our service includes unlimited legal updates for 18+ Latin American countries.
Tax rules in Bolivia are continuously changing and evolving.
LatamReady, combining local tax advisory in each country and the biggest NetSuite software factory in the region, will ensure that your subsidiary always remains compliant.
Included in your annual subscription is unlimited customer care support in 3 languages: English, Portuguese, and Spanish.
Additionally, LatamReady releases 2 official versions per year, always Built-For-NetSuite certified by Oracle.

LatamDojo
E-Learning Platform
NetSuite Training on Demand

Schedule a Call with
a NetSuite Expert!

Chart of Accounts:
a. Bolivia Government does not require the use of a Statutory Chart of Accounts
b. If the Customer decides to use a Bolivia specific COA (instead of the Corporate COA): LatamReady requires the use of NetSuite Multi-Booking feature
Legal Ledgers:
a. Most of Latin American countries are in transition to exclusively require electronic versions of legal ledgers. In some countries, companies are still able to choose between the use of electronic or printed version of legal ledgers
b. LatamReady legal ledgers are exclusively offered following the electronic version (fields, columns and order)
c. Electronic version of legal ledgers can be downloaded in CSV format
d. Printed version of legal ledgers are not included.
e. LatamReady includes “Accounting Book” filter in Legal Ledgers for Multi-Booking implementation.
Average Costing:
1. In Latin America, the legally required type of costing is Average Costing
2. Latin American subsidiaries configured in NetSuite are required to transact using Average Costing
Safe Harbor Statement
Bolivia Is Ready!
Are You?
