Economy Alliances

Archive for the ‘Financial System’ Category

An unexpected disability can greatly affect your personal finances. You may have to access emergency funds to liquidate personal assets, debt or examine carefully the credit card to cover initial emergency recovery and in progress. Now that you or your loved one is beginning to focus on rebuilding a new life to suit their disability should consider where you are financially and create a strategy on how to continue to recover financially from the unexpected change. For example:

* How will you fund your support personal savings in case of emergency?

* What credit cards are maintaining a balance and what is your plan to pay for them and finally settle?

* If you take out a home equity loan or other personal loan, how much should the loan and how to pay for it?

* What is your current income or that of your loved one from here on out and meet your living expenses “after rehabilitation and outstanding debt obligations?

* How the disability has affected your financial goals and long-term intermediate and their ability to reach those goals?

It’s a good idea to go back and reconsider your budget. You may need to create a new budget that reflects your new financial position and needs. You may also want to consider working through our “Savings and Investments Managing your finances” to gain confidence in their ability to create a strategy to get back on track financially.

Commercial transactions for the purchase or sale of goods or services for an amount exceeding 50 000 Bs, cannot be made in cash but by check and / or credit and debit cards from 1 February this year.

The new determination, which requires bills to be based on Article 20 of Law of the State General Budget 2011, which incorporates changes to the Tax Code so that “any purchase and sale of goods and services, for an amount exceeding to 50 000 Bs, takes place through a reliable means of payment that is authorized by the Supervisory Authority of the Financial System.

The president of the National Tax Service, Roberto Grate, in a note published in the newspaper Cambia, said that with this new control mechanism, which also participate the National Customs of Bolivia, were able to identify companies and people engaged in transactions and does not emit n invoice.

Told the daily that they pay for the purchase of goods which exceed 50 thousand Bolivians, they must do so through this source (check or credit card), and no cash, and that’s going to control people they buy a certain amount of products and sell it without extending the bill.

He said that if a person decides to buy a motorcycle or a vehicle whose price exceeds 50 000 boliviano, one should use reliable payment mechanisms (check or credit card, debit card or any other) to be set by the regulator the financial system.