Key Takeaways
As of 2026/08/03, Bolivia introduced a policy allowing taxpayers to cancel overdue installments of Facilidades de Pago (FAP) under specific conditions, providing a pathway to settle outstanding obligations without incurring additional penalties. This measure is intended to alleviate financial pressure on businesses and individuals affected by economic volatility, encouraging voluntary compliance. Business Impact: Entities with delinquent FAP payments can apply to restructure or extinguish these debts, freeing cash flow for operational needs. However, applicants must meet predefined eligibility criteria, including proof of financial hardship and adherence to tax filing obligations. Strategic Guidance: Companies should assess their outstanding FAP balances, prepare supporting documentation to demonstrate hardship, and submit applications promptly to benefit from the relief provision. Early action may also improve relationships with creditors and enhance creditworthiness. Furthermore, by utilizing this cancellation option, firms can redirect resources toward growth initiatives, reinforcing fiscal stability and positioning themselves for strategic investments in market expansion.
- Debt Relief Option: Overdue FAP installments may be canceled under eligibility criteria.
- Eligibility Conditions: Proof of financial hardship and compliance status required.
- Operational Advantage: Freed cash flow for strategic business activities.
Source: Read Original Announcement