World Tax Reviews


Ferrere’s tax practice in Bolivia is led by senior associate Mauricio Viscarra. The practice is one of the largest firms in Bolivia with offices in Santa Cruz, La Paz, and Cochabamba. Ferrere advises major Bolivian and international clients on a wide range of tax matters, from general tax consulting, international trade and customs and the tax aspects of corporate and financial transactions, definition of tax structures, to tax litigation at all levels of the courts. 

During the research period, the firm advised Cargill in various cases. In one instance, the company failed to appropriate a tax credit on time and wanted to recover it for future deductions. The department defined the strategy that maximizes the chances of a successful recovery and prepared the documents to support the recovery request.

Indacochea & Asociados Abogados

Indacochea & Asociadosv provides tax advice to clients and delivers legal opinions on the application of tax regulations in relation to their commercial activities. The team stands out for its extensive experience and knowledge in financial and accounting matters, which allows it to provide its clients with comprehensive legal, tax, and financial advice that differentiates it from the traditional tax advice offered in Bolivia.

During the research period, the team acquired new clients such as Guayacorp and Vaka. It defended companies in complex administrative and judicial proceedings, including in the Supreme Court. Its tax advisory had also covered issues such as transfer pricing, double taxation, and customs, notably advising clients on the Patrimony Tax Law, helping them restructure their holdings to reduce their potential tax liability. The firm’s ability to advise on the Patrimony Tax is thanks in part to its participation in meetings with public officials from the Ministry of Economy.

The team welcomed Barbra Tania Andersag Rojoas as an associate who previously worked for PPO.

Client feedback

Professionalism, timely and excellent.

“Overall assistance.''

Moreno Baldivieso

The tax department at Moreno Baldivieso is well-equipped to handle the complexities of the Bolivian Tax Authority and the challenges that arise with multinational business operations. The firm advises on international tax planning and structuring, complex financial transactions, transfer pricing, tax audits and appeals, and disputes. The team caters to various local and international clients in the mining, energy, electricity, oil and gas, telecom, banking, finance, insurance, constriction, healthcare, imports, and exports fields. 

During the research period the team carried out a landmark transfer pricing study which emphasized the importance of tax compliance and the potential impact of transfer pricing regulations on companies conducting intercompany transactions. The firm was also successful in various litigation cases. 

PPO Abogados

With a team of 11 professionals, PPO Abogados Legal and Tax’s team advises on a variety of matters, including general tax consulting, international planning and trade, tax accounting, payroll outsourcing, customs, and tax litigation at all levels of the courts. Its clients are active in different industries, such as oil & gas, mining, insurance, air navigation, e-business, banking & finance, and retail.  

During the research period, the team participated in various cross-border transactions: Bolivia’s largest mining company, Minera San Cristobal, the takeover of DERCO by Inchape, and the domestic merger of Arysta and UPLFrom a litigation perspective, the firm played an influential role in the defence of tax proceedings.

Client feedback 

PPO Bolivia it's the tax firm to go when an business-oriented tax advise is required. 

Villegas Aldazosa

Villegas Aldazosa is a law firm specialized in providing high quality business legal services, delivering personalized solutions with a comprehensive legal approach that covers tax, corporate/commercial and labor law.  Regarding tax, the team is tailored to assist in the main practice areas: local and international taxation, transfer pricing, and M&A.  The team is led by tax partner Alvaro Villegas and senior associate Christian Olea.

During the research period, the team partook in various litigious cases, including cases against the Bolivian Supreme Court judges. The suit was a tax issue regarding taxpayer rights and the judgement set a precedent for cases related to the statute of limitations and penalties.

Client feedback

Extreme keen, fast and very good.

They are skilled, efficient and resolutive. They solve problems, not generate them.

The members of Estudio Villegas are friendly and understand the sense of urgency in giving us their position on critical issues.

Very professional and experienced.”

They provided us a precise and timely advise on the Bolivian tax aspects that we had to consoder in order to implement the service entity in that jurisdiction.”

Attention to detail and immediate, discipline, commitment, knowledge of the Sector, Predisposition. support at all times.  

Transfer pricing
TPC Group

TPC Group is a transfer pricing and consulting firm with an international footprint in Argentina, Bolivia, Uruguay, Mexico, Central America, as well as Dominican Republic. The firm is recognized for its technical and holistic solution approach.

During the research period, the most important cases were the advice given regarding the planning of intra-group transactions, assessment, and analysis of the structuring of costs and expenses of services and financing transactions between related parties. Further details of the cases are confidential. 

The firm witnessed the departure of various team members to study including Renato Seminario, Jose Daniel Martinez, and Marco Mozombite. Magaly Casasola left for personal reasons. However, TPC Group welcomed two new transfer pricing analysts, Antuane Zanabria Calle and Fiama Guerra Jimenez.