Paraguay e-invoicing software 2018

October 16th, 2017

Paraguay is to launch a centrally-controlled electronic invoice system. The system, known as SIFEN, will include approved software provided by the government to tax payers.  This will track all invoices, credit notes and withholding tax receipts. Details of SIFEN will be provided at the start of 2019.


Paraguay to levy VAT e-commerce

July 29th, 2015

Paraguay is to push ahead with levying its 10% VAT on e-commerce by the year end. Currently, both domestic and foreign online retailers escape the VAT charge, but disadvantages traditional, bricks and mortar retailers.


Paraguay extends VAT exemptions

April 18th, 2014

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 …


Paraguay 2014 VAT changes

December 21st, 2013

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 …