The Paraguayan Undersecretariat of Taxation Aug. 21 issued Binding Consultation No. 408, clarifying VAT withholding obligations for reinsurance services provided by nonresidents. The taxpayer, a resident insurance company, contracted for reinsurance with a nonresident entity. The taxpayer requested a resolution for the purpose of suspending VAT withholding obligations.
Source: bloombergtax.com
Latest Posts in "Paraguay"
- Paraguay Rolls Out E-Invoicing Schedule for New Taxpayer Groups
- DNIT announces the schedule to implement mandatory e-invoicing for new taxpayer groups
- How electronic invoicing works in Paraguay
- New taxpayer groups must comply with the e-invoicing mandate in Paraguay
- Paraguay Tax Administration: New Electronic Invoicing Requirements for Large and Medium Taxpayers
