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Paraguay extends VAT exemptions

  • Apr 17, 2014 | Richard Asquith

Paraguay extends VAT exemptions

Value Added Tax (Impuesto al valor agregado IVA) exemptions in Paraguay have been extend to a new range of products and services. VAT in Paraguay is charged at 10% standard rate, with a reduced rate of 5%.

New VAT exemptions on the following taxable supplies:

  • Petrol and bio fuels
  • Cultural and sport supplies from not-for-profit organizations, including political parties
  • Electronic and printed books and newspapers
  • Equipment and hardware for schools and universities
  • Trading in shares and foreign currencies
  • IT supplies for the benefit of children

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara