DT3653 - Double Taxation Relief Manual: Guidance by country: Bolivia: Notes

Students (Article 20(1))

Visiting students or trainees from Bolivia are exempt from UK tax on payments from abroad for the purposes of their maintenance, education or training (Article 20(1)).

In addition, a visiting student or trainee’s earnings from activities exercised in the UK are exempt from tax provided that they do not exceed £3,500 plus the appropriate level of personal allowances (Article 20(2)). This benefit is available for up to five fiscal years.

Most favoured nation provision

The Exchange of Notes that accompany the convention provide that if Bolivia agrees a treaty with a member country of the OECD that applies a lower rate of taxation to dividends, interest or royalties than that specified in Articles 10, 11 and 12 of the UK convention, then the lower rate in that other treaty shall be substituted for the rate specified in those articles. This has effect from the date when that other treaty enters into force.