Alessandro Calvo 
IVA (VAT) is the single most important form of taxation in Paraguay. According to figures published by DNIT, Paraguay’s tax authority, this tax represents around 70% of all government tax revenue.1 Locally, it’s called “IVA” (Impuesto al Valor Añadido), and it’s one of the key things to understand when relocating your tax residency or moving … Read more
Paraguay offers a tax residency certificate that can be requested from the tax authority, known today as DNIT (previously SET). This document is crucial for those residing or doing business in Paraguay, proving one’s status as a tax resident. The certificate is essential not only for legal and business dealings but also becomes a necessity … Read more
Paraguay has established Double Taxation Agreements (DTAs) with just a few countries: Germany, Qatar, the United Arab Emirates, Chile, Spain, Uruguay and Taiwan. This may leave you wondering how the presence or absence of a DTA between your home country and Paraguay could impact you in case you relocate your tax residency to Paraguay. Contrary … Read more
In Paraguay, tax returns are submitted on a monthly basis through a fully digital system managed via a platform called Marangatù, which is directly overseen by the Paraguayan government. If you’re contemplating applying for residency in Paraguay or have already secured it, understanding how to stay compliant with local tax laws is crucial to avoid … Read more
Paraguay stands out as one of the easiest and most convenient countries to get a second residency. Furthermore, its favorable tax system makes it a popular destination for those seeking a secondary residence, not just for themselves, but also for their business. The laws regulating the residency process in Paraguay have undergone significant changes, notably … Read more
Temporary residence in Paraguay allows you to reside, work, and invest in the country for two years. Moreover, temporary residence can be extended before its expiration, or even converted into permanent residence after 21 months. When discussing obtaining residency in Paraguay, the information encountered is often contradictory. This is mainly due to the fact that … Read more
Opening a bank account in Paraguay, especially for foreigners, can come with its fair share of challenges. Even if you already have your temporary or permanent residency and your cédula, it’s not uncommon to still face difficulties in opening an account. This is due to a set of rather unique regulations that shape how the … Read more
Paraguay is known as one of the countries with the least stringent requirements for obtaining residency. Virtually anyone with a clean criminal record can secure residency in Paraguay, but the specific requirements vary depending on the type of residency one desires. Typically, the simplest process involves obtaining temporary residency first and then transitioning to permanent … Read more
The cédula de identidad is the equivalent of the identity card in Paraguay. It is one of the most important documents for citizens of the country and for the thousands of foreigners who have a residence permit in Paraguay. It is the main document used for the recognition of individuals and is essential both for … Read more
Those who apply for a temporary residence permit in Paraguay usually do so with the goal of transitioning to permanent residency later. This is the easiest way to become permanent residents of the country without having to invest capital or demonstrate any minimum income level. It’s important to know how to complete this process so … Read more