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Paraguay Provides VAT Relief for Transport Sector

26 July 2022

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Approved Changes

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Paraguay

Paraguay's tax authority (SET) has published Decree No. 7355-2022, which provides temporary VAT relief for the transport sector. The decree provides that from 12 July 2022 to 30 September 2022, the supply of qualifying transport services is subject to the standard VAT rate of 10% on 50% of the service price. Qualifying transport services include: National medium and long-distance passenger transport that is not already exempted from VAT; Passenger transport provided through school (bus) transport, taxis, and similar; and National and international cargo transport. Unless the VAT relief is further extended, standard VAT rules will apply from 1 October 2022...