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Paraguayan Tax Authority creates registry of authorized local transfer pricing professionals

06 January 2022

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Tax Alerts, National/Federal Taxation, T...

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Paraguay

Transfer pricing professionals must register with the registry of authorized local transfer pricing professionals to prepare and sign TP Technical Study Reports in Paraguay.In General Resolution No. 108/21 (issued 30 December 2021), the Paraguayan Government creates a registry of authorized local transfer pricing (TP) professionals, as well as the requirements for registration.BackgroundLaw No. 6380/19 established TP rules as part of a major tax reform in Paraguay. The rules entered into force on 1 January 2021, with the first TP Technical Study Report due in 2022, for the tax year ending 31 December 2021. According to the provisions of Law No....