Practice area

World Tax Reviews

Bufete Aguirre Quintanilla Soria & Nishizawa

Following the merger of two firms in 2018, Bufete Aguirre Quintanilla Soria & Nishizawa has developed a strong tax team focussed on tax structuring, tax planning and tax controversy. The firm has offices in La Paz and Santa Cruz de la Sierra and it represents a wide range of domestic and international clients. 

Over the research period, the tax team worked on a number of tax matters and advised large corporations and financial institutions. Most of deals were confidential. 

Criales & Urcullo

Since its inception five years ago, the tax practice at banking and finance boutique firm Criales & Urcullo has grown significantly and has acquired a strong reputation in advising wealthy private clients in estate tax planning matters in different jurisdictions. In addition, the firm is very active in tax controversy. The team includes lawyers, accountants and financial advisors and is comprised of three partners, four associates and two of counsels. The firm has expanded with a new office in Santa Cruz de la Sierra led by partner Luis Valda, who is the key tax contact at Criales & Urcullo. 

One interesting mandate came from the representation of Grupo Empresarial Lafuente on general tax planning in the biggest real estate project in Bolivia. In the tax controversy space, the team advised ONG FIE on a case of tax exemption. The team challenged the tax administration and it obtained a favourable decision. 

In terms of lateral moves, the tax group strengthened its team with the addition of Laura Rivas and Lizett Perez. Rivas was hired from Kreston MCA in Santiago de Chile and Perez from Central Bank of Bolivia. 

Client feedback

“Excellent in the requested consultations, the team is very professional.” 


Pablo Ordoñez leads the tax practice at Ferrere, one of the largest firms in Bolivia with offices in Santa Cruz, La Paz and Cochabamba. The tax group’s biggest strengths are business structuring, M&A and project financing. In addition, the team has a strong reputation in advising private clients and in tax controversy. Overall, the firm stands out for its impressive list of international clients.  

In the past year, the tax group worked a number of matters involving international corporations. An interesting mandate was the representation, still ongoing, of the merchant firm Luis Dreyfus Company on different tax matters. Key clients included Cargill and Schlumberger. 

Client feedback 

“The service is good. However, I would recommend more opportunity with regard to the time.”  

“Timely and effective advice.” 

Tufiño & Villegas

A full service tax law fim, Tufiño & Villegas maintains its dominant position in Bolivia. The tax team covers all the tax areas in local, national and international taxation, as well as complex M&A transactions. Alvaro Villegas is the managing partner at the firm with offices in Sata Cruz, La Paz and Cochabamba. Another key contact is partner Jose Luis Tufiño. 

Over the research period, the group worked on different tax matters. For example, the group structured the legal strategy to distribute the VAT credit among partners Petrobras Bolivia, YPFB Andina and Total E&P Sucursal Bolivia. Another interesting mandate saw the team being part of the M&A transaction between Alicorp Group and Archer Daniels Midland Company. The group performed the tax due diligence and it advised on the relevant tax treatment during all the process until the SPA was signed.