Government requests property data to identify IGF evaders

The executive branch, through the council of the magistrate (CM), began to search for natural persons who had failed to pay the so-called tax on large fortunes (IGF). The National Tax Service (SIN) instructs the CM to use the Real Rights Offices to collect data from owners, natural persons who register more than ten properties as of December 31, 2020.

“With this information obligation, the National Tax Service is preparing a far-reaching operation that will attempt to identify natural persons who have failed the formal obligation to declare large wealth tax (IGF) or who have declared less real estate than they actually own.” says lawyer Marcelo Gonzáles, a specialist in financial matters.

By circular of May 28, 2021, the National Directorate of Fundamental Rights instructs registrars and sub-registrars to “transmit as soon as possible the data of owners – natural persons – who by 31st 2020; this information must be provided in writing and in digital form.

She also warns that “non-compliance with resolutions (…) is a serious disciplinary offense”.

Lawyer Gonzáles stated that the public records were confidential but needed to be analyzed from a different angle.

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However, he made it clear that “these types of requests are routine by the SIN and are supported by specific rules of Bolivian tax law”.

“Together with the data provided to the tax administration by other public bodies such as the financial system supervisory authority, the commercial register, the cadastral registers of the mayor’s offices, etc. A cross-check of the information is carried out to determine the exact amount of real estate owned by a particular natural person” he states.

He explains that this situation can cause a number of problems for the SIN due to the lack of registration in Real Rights when selling a property that many former owners would be subject to review.

Likewise, the omission of the real estate transfer tax can be revealed, or it can be the case that some property owners have died and their heirs are pending the registration of the succession.

“The owners and builders of urbanizations or buildings that are horizontally owned are hardest hit. The pandemic has shrunk the real estate market and many builders have been lagging behind with built buildings, which can turn them into debtors not only for property tax, but also for large property tax (IGF).

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The list of owners with more than ten properties with a deadline of December 31, 2020 is requested with a special character, because on this day the tax liability of the tax on large assets (IGF) was born. , he says.

MP ignores request

Chamber of Deputies President Freddy Mamani said he was unaware of Real Rights’ instructions for the delivery of payrolls for individuals who own more than ten properties, but that if better they would “support” “.

“We’re going to find out what exactly this is about, I may have some difficulty with that, we’re going to ask for a bigger element of why and what these details are being requested for, and if it’s in good intentions we will” support, but when it is a different intention, we will oppose it, “he said at a press conference.

In return, MEP Estefanía Morales (MAS) pointed out that it was necessary to know at national level who owns property and who does not.

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