- Paraguay enacted Law No. 7548 on Sept. 8, introducing fiscal incentives for national and foreign investments. It exempts VAT on imports of qualifying goods and capital goods for tourism and entertainment projects over US$20 million. It also allows incentive renewals for new activities or expansions within 20 years, with extensions for investments over US$13 million. The law is effective immediately.
Source: news.bloombergtax.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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