Paraguay has published Decree 3966 of 24 August 2020 in the Official Gazette, which provides for the introduction of an exceptional regime for the payment of outstanding tax debts. The exceptional regime is introduced in response to the COVID-19 pandemic and allows taxpayers, particularly SMEs, to enter into a tax payment plan in respect of monthly tax obligations accrued until December 2019 and yearly tax obligations closed in June 2019. The regime provides certain interest rates and application deadlines depending on the nature/status of the outstanding tax debt: a 0% interest rate for debts included in tax debt certificates issued...