OrbitaxParaguay Senate Approves Tax Reform Legislation Including New Transfer Pricing Regime and Other Changes
|Proposed Changes|Paraguay
On 13 September 2019, Paraguay's Senate approved the draft Law on Modernization and Simplification of the National Tax System with modifications made in the Chamber of Deputies. The approved version is reportedly in line with initial proposals, although modifications were made to reduce the maximum rate of taxes on tobacco, alcoholic, and sugary drinks.
One of the main areas of reform under t…
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