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Paraguay Introduces Beneficial VAT Regime for Imports and Sales of Goods to Tourists

|Approved Changes|Paraguay
Paraguay

Paraguay has published Decree No. 2063, which establishes the new Shopping Tourism Regime (Régimen de Turismo de Compras - RTC). The RTC provides a specific VAT regime for qualifying companies in Paraguay that import and sell certain goods to tourists in specified cities with effect from 9 July 2024, including the cities of Asunción, Ciudad del Este, Encarnación, Pedro Juan Caballero, Pilar, a…

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