The individual income tax exemption threshold for residents in Paraguay for 2015 is annual income equal to 84 minimum salaries (~PYG 153 million). Income exceeding that amount but not exceeding 120 minimum salaries is subject to an 8% tax rate. Annual income of 120 minimum salaries or more is subject to a tax rate of 10%. The minimum salary amount in force at 1 January of each year is used when determining the applicable rate. Each year the exemption threshold is reduced by 12 monthly salaries.  The final reduction will be for 2019, when the threshold is set at 36 monthly...