The Paraguayan Ministry of Finance June 20 announced a proposal to reduce VAT for the transport sector due to a rise in fuel prices. The announcement includes: 1) a 50 percent reduction in the VAT rate for the transport sector, including land freight transport, public transport unions, taxi drivers, Uber and other service platforms, and school transport; and 2) discount cards for a 400-Paraguayan guarani (US$0.05) per liter discount application in the transportation sector. [Paraguay, Ministry of Finance, 06/20/22]
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