- President of Paraguay issued Decree No. 2063 for new shopping tourism regime
- Criteria for eligibility under the regime established
- VAT of 10% on 12.5% of imported goods value
- Advanced Corporate Income Tax of 1% on customs value of imported goods
- VAT exemption on resale of goods to qualifying purchasers
- Eligible taxpayers listed
- Specific goods included in the regime detailed
- Relevant terms clarified
- Decree effective on July 9th
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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