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” … 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 … 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 … Read more
Paraguay is one of the countries that adopt a territorial tax system, which means only national income is taxed while income earned abroad is excluded from any form of taxation. This is one of the … Read more
Paraguay is renowned as a business-friendly country, with very low taxes and a legal framework that favors those looking to start a venture. This is why opening a company in Paraguay is a straightforward process, … Read more
Many professionals, especially digital nomads, are drawn to Paraguay due to its low taxes, high quality of life, and the substantial investment opportunities the country offers. To start working as a freelancer in Paraguay, it’s … Read more
