Paraguay Gazettes Law Introducing Tax Incentive Regime for National, Foreign Investments

The Paraguayan Official Gazette Sept. 8 published Law No. 7548, establishing a new regime of fiscal incentives for national and foreign investment. The law includes measures: 1) exempting VAT on imports of qualifying goods and on the first transfer of capital goods between beneficiaries; 2) exempting nonresidents’ income tax on interest, commissions, and charges remitted abroad for loans financing projects of at least US$13 million, and exempting dividends and profits from such projects for 10 years, subject to conditions; 3) exempting VAT on imported capital goods for tourism and entertainment projects of at least US$20 million; 4) allowing renewals of ...