Paraguay has published Decree No. 3967 of 24 August 2020 in the Official Gazette, which provides for the extension of the special VAT regime introduced by Decree No. 3881 of 28 July 2020 for tourism and restaurant services. The regime provides that for the supply of these services, the standard VAT rate of 10% is applied on 50% of the service price for travel agencies and tour operators, hotels, restaurants, and catering service providers. With Decree No. 3967, the special VAT regime is extended to cover rural accommodation, tourist transport, tourist guide, and event organization services with effect from 1...