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Paraguay 2014 VAT changes

  • VAT
  • 20 December 2013 | Richard Asquith

Paraguay 2014 VAT changes

The following amendments will be made to the Paraguayan VAT (Impuesto al valor agregado (IVA)) regime from 1 January 2014:

  • Export of basic agricultural goods exported will be entitled to a 50% refund on any input VAT
  • Goods subject to the reduced 5% VAT rate will no longer have an limit on the amount of input VAT that may be deducted.  Such goods include: pharmaceuticals, leasing, debt interest and foodstuffs.
  • Basic agricultural good will no longer be VAT exempt; instead being subject the reduced VAT rate.

The standard VAT rate in Paraguay is 10%.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.