Japan, Paraguay sign investment protection agreement
Japan’s Ministry of Foreign Affairs announced, on 6 December 2025, that Japan and Paraguay signed the “Agreement for the Promotion and Protection of Investment” on 5 December 2025. The agreement is designed to strengthen investment
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Chile, Paraguay finalise updates to tax treaty
The updated agreement incorporates provisions aligned with the OECD BEPS standards and introduces enhancements to the taxation of dividends, interest, and royalties. Officials from Chile and Paraguay have concluded discussions to revise their
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Paraguay introduces tax incentives for electronics manufacturing, digital equipment
Paraguay’s Law No. 7546/2025 boosted investment and jobs in electronics and digital equipment. Paraguay has enacted Law No. 7546/2025, published on 8 September 2025 and effective from 9 September 2025, to promote investment and formal
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Paraguay unveils new tax incentives for local, foreign investors
Key incentives include exemptions on customs duties, VAT, nonresident income tax, and dividend/profit tax for substantial investments in capital goods, industrial or agricultural production, and large-scale tourism or entertainment projects, subject
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Paraguay, UK negotiate to advance income tax treaty
Paraguay and the UK met to advance an income tax treaty and strengthen economic cooperation. Officials from Paraguay and the UK met on 12 August 2025 to discuss a broad agenda of bilateral issues, with particular attention on advancing an income
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Paraguay, Chile negotiating to revise income tax treaty
The technical negotiations aim to update the 2005 Paraguay-Chile tax treaty, incorporating it with updated OECD and UN standards. According to the Paraguay Information Agency, on 30 June 2025, Paraguay and Chile are nearing the conclusion of
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Paraguay announces extension for 2024 financial statement submissions
Paraguay's National Directorate of Tax Revenues (DNIT) has issued General Resolution DNIT No. 29/25, which extends the deadline for corporate taxpayers (IRE) to submit financial statements for the fiscal year ending 31 December 2024. The new
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Paraguay, Spain income tax treaty enters into force
The income tax treaty between Paraguay and Spain took effect on 14 October 2024. This agreement aims to enhance economic relations, encourage investments, and enhance bilateral cooperation in tax matters between the two countries. It seeks to
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Korea (Rep), Paraguay sign MoU on Trade and Investment Promotion Framework
Korea (Rep.) and Paraguay signed a memorandum of understanding (MoU) on the Trade and Investment Promotion Framework (TIPF) on 23 August 2024. According to the Ministry of Trade, Industry and Energy, Minister for Trade Cheong In-kyo and his
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Spain, Paraguay tax treaty enters into force
The Spain and Paraguay tax treaty will enter into force on 14 October 2024. Signed on 25 March 2023, the treaty will generally take effect on 14 October 2024 for other taxes and on 1 January 2025 for taxes assessed both on and off a fiscal year
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Spain, Paraguay ratifies pending tax treaty
Paraguay announced in the Official Gazette the ratification of its pending income tax treaty with Spain on 29 May, 2024. Signed on 25 March, 2023, this treaty – double taxation agreement (DTA) – is the first between the two countries. It
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Spain: Lower House approves tax treaty with Paraguay
The Spanish Congress of Deputies (the lower house of parliament) passed the law to ratify the pending income tax treaty with Paraguay on Tuesday, 23 May, 2024. Signed on 25 March, 2023, this tax agreement is a first between the two nations. It
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Paraguay eases penalties for unregistered vouchers and extends 2023 financial statements deadline
On 27 March 2024, Paraguay's National Directorate of Tax Revenues (Dirección Nacional de Ingresos Tributarios - DNIT) released General Resolution DNIT No. 07/24. This Resolution offers penalty relief for adhering to the electronic voucher
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Paraguay upgrades transfer pricing documentation process
On 20 July 2023, the tax authority of Paraguay (SET) issued General Resolution No. 134 of 18 July 2023, that introduces an exceptional mechanism for the submission of the technical transfer pricing study (Estudio Técnico de Precios de Transferencia
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Paraguay updates list of low-tax Jurisdictions
On 24 August 2022, the Paraguayan tax authority (SET) issued General Resolution No. 118/2022, concerning the Transfer Pricing Technical Study (ETPT) and a list of low-tax jurisdictions. The amended list of low-tax jurisdictions are
See MoreParaguay extends deadlines of TP returns
On 23 June 2022, the tax authority has extended the deadlines to submit the transfer pricing (TP) informative returns related to commodities exports through General Resolution 116. The Resolution came into force on 24 June 2022. The deadlines are
See MoreParaguay issues resolution on TP reporting requirements
On 7 April 2022, the tax authority of Paraguay has issued General Resolution No. 115/2022, which provides detailed rules on the preparation and submission of the transfer pricing (TP) reporting requirements as per Law No. 6380/2019 and
See MoreParaguay publishes new income tax return form with TP section
On 30 December 2021, Paraguay’s tax authorities published a new version of income tax return form including a new section to disclose transfer pricing (TP) adjustments. The new section of income tax return form differentiates the TP
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