Connect with Like-Minded Expatriates

Our team of experts is ready to help you find a home abroad, move your household goods, and settle into your new country.

Join Now

Working in Bolivia

Find out how to get a job and work in Bolivia

Bolivia has a relatively low cost of living, it has a growing economy and the disparity between rich and poor is growing smaller, meaning that there has never been a better time for expatriates to find work there. Find out more valuable information in our guide.

Employment in Bolivia

Taxation in Bolivia

All residents of Bolivia are subject to income tax of 13%. Taxable income includes all wages, salaries, premiums, and bonuses, although there are some exceptions. These exceptions are salaries received by diplomats and foreign employees employed by international organizations, and Christmas bonuses.

Sales are subject to a 13% VAT rate to be paid by self-employed on a monthly basis, transaction tax of 3% on each service and corporate income tax of 25%, although up to 50% can be offset by tax credit equal to 13% of the purchase invoices obtained during the tax year — this tax is paid annually.

Economic Overview

Bolivia’s economy is the 94th largest in the world, according to the CIA World Factbook. Bolivia is classified by the World Bank as a lower middle income country. The local economy has improved in recent years, which has led to major credit agencies upgrading Bolivia’s economic rating in 2010. It is also ranked 113th on the Human Development Index.

The range of industries and job types available in Bolivia are varied. Traditionally, Bolivia has been a mining country dependent on its natural resources; however, over time and with development, this has changed. Although there are still many jobs in mining, forestry and agriculture, the options are wider ranging. Manufacturing has a large share of the country’s gross domestic product – leading manufactured goods include textiles, clothing, food, drinks and tobacco.

Bolivia’s banking service is growing and improving thanks to the 1993 Banking Law. Bolivia has a central bank and nine private banks, and foreign investment in Bolivian banks is allowed.

The energy industry is relatively small but always growing. Bolivia uses mainly oil for its energy needs followed by natural gas and hydroelectric power. Bolivia has its own reserves of oil and gas.

Social Security in Bolivia

Included in Bolivia’s social security system is old-age, disability, survivors, sickness and maternity pensions.

Employers and employees have to make social security contributions on a monthly basis. Since 2010, these social security payments have also applied to expatriates. Expatriates can expect to pay 12.21% to a pension fund and a fixed contribution of 0.5% to the solidarity fund; however, these payments can be transferred to the home country as long as the expatriate ends his or her employment and leaves the country, the expatriate has not accessed his or her pension in Bolivia, and a social security agreement is in effect with the destination country.

Do you want to relocate? If you have never moved abroad, the process will be overwhelming, and if you have, you know the burden that lies ahead. Whatever stage you are at, InterNations GO! can help you with a complete set of relocation services, such as home finding, school search, visa solutions, and even pet relocation. Our expert expat team is ready to get your relocation going, so why not jump-start your move abroad and contact us today? Best to start early!

Updated on: September 09, 2021
Moving to

Moving to Bolivia

Bolivia has much to offer anyone considering to move there due to its both culturally and geographically diversity. D...

Read Guide Arrow

Living in Bolivia

Bolivia's mix of cultural heritage means it has much to offer expats in terms of vibrant art, literature, food and mu...

Read Guide Arrow

Join Our Exciting Events in Bolivia

Once we've helped you move to Bolivia, we can make you feel at home by introducing you to other expats who have already settled and are part of our Bolivia Community. Attend our monthly events and activities in Bolivia and get to know like-minded expats in real life.

InterNations La Paz "Jallalla Internations"@ Jallalla Bar

Start date Jul 19, 2019, 7:30 PM

Attendees 9

InterNations La Paz Let's Party Event

Start date Sep 27, 2019, 8:00 PM

Attendees 11

InterNations - Lockdown Online Event

Start date Jul 29, 2020, 8:00 PM

Attendees 20

InterNations Santa Cruz Virtual Drink!

Start date Feb 24, 2021, 8:00 PM

Attendees 58

Connect with Fellow Expats