- Paraguayan National Tax Revenue Directorate issued Binding Consultation No. 541 regarding VAT exemptions for securities repo operations
- The exemption applies to disposals of public and private securities carried out through repo operations
- Exempt treatment applies to repos in securities markets or directly with third parties, including vertical, horizontal, and tripartite repos through SIPAP
- A 10 percent VAT rate applies to commissions from intermediary services in tripartite repo operations involving purchase and sale of securities
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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