According to the Law of December 2, 1916; Law on Industrial Patents, Rules for their Application and Use in the Republic. In Bolivia, the annuities must be paid from and during the application process and are counted from the presentation or the international filing if it is the case. The deadline for pay each annual fee is the date of the presentation or the international filing if it is the case.
There is a grace period of six months after the starting date of the corresponding annual period, but you must to pay an overcharge. The patent shall remain in full force during the grace period.
Failure to pay an annual fee produces the expiry of the patent or patent application