Paraguay's tax authority (SET) has published Decree No. 7402-2022, which includes amendments to clarify the new advance tax payments requirements coming into force on 1 January 2023, as well as changes to the conditions for the determination of a jurisdiction as a low or no-tax jurisdiction (tax haven). Advance Tax Payments With respect to advance tax payments, new requirements were introduced by Law No. 6380/2019 on Modernization and Simplification of the National Tax System, with an effective date of 1 January 2023. Decree No. 7402-2022 clarifies the new requirements providing that business income tax (IRE) taxpayers and taxpayers under the...