Paraguay
Vat Registration Thresholds No specific threshold; all businesses engaging in taxable activities must register for VAT.
Vat Rates Standard rate of 10%, with a reduced rate of 5% for certain goods and services.
Vat Registration Process Businesses register with the Undersecretariat of State for Taxation (Subsecretaría de Estado de Tributación, SET). Registration can be completed online or at local tax offices.
Taxable Transactions Sale of goods and services, including imports. Exports are zero-rated.
Registration Exceptions No specific exemptions; all businesses conducting taxable activities are required to register.
Vat Filing Frequency VAT returns are filed monthly.
Exemption Schemes No specific small business exemption schemes; all businesses must comply with VAT regulations.