Paraguay
Paraguay: 5 company types, its taxes, banking and business environment, and what it is known for.
Forming a company
Company types in Paraguay
The 5 forms a founder can choose here, each with its own figures. Open one for its sources.
What it is known for
Where Paraguay is in the world’s top 10 on a measure anyone can check, the best rank first. Only the top is shown; a low rank is never stated.
- World’s3rdWorld-leading exports Soya beans, whether or not brokenUS$3.2 bn · 3.9% of world exports of 138 exporters · 2024 CEPII BACI, January 2026 release See the top 10
A rank is among everything the source reports for that year, so it moves when the source adds or drops economies. Exports include goods passing through for re-export. Nothing here is a recommendation.
Doing business here
Business accounts
Providers whose own published list of countries names Paraguay. A listing means a company formed here may apply, not that it will be accepted.
Not in our records No provider's country list has been read for Paraguay.
EU listings
Two lists a bank checks when it opens an account for a company or its owner.
- EU high-risk third countries (AML)
- Not listed
- EU non-cooperative jurisdictions for tax purposes
- Not listedOfficial EUR-Lex, 52026XG01465, Annex I as of 2026-02-17
Official sites
The authorities’ own sites for Paraguay: where to register, file and check.
Blocs and agreements
The trade arrangements Paraguay belongs to, as each arrangement’s own texts state them: since when, and what each covers. What a membership means for a business is for you to judge.
- Mercosur
- Customs union · since 29 November 1991
Covers goods, services, a common external tariff.
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El presente Tratado estará abierto a la adhesión, mediante negociación, de los demás países miembros de la Asociación Latinoamericana de Integración
- Andean Community
- Associate member
As above.
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La Comunidad Andina, integrada por Bolivia, Colombia, Ecuador y Perú es un organismo internacional líder en integración en el continente
Regional and customs arrangements only, 36 of them; bilateral trade agreements are not yet in our records.
Tax
Company tax
Tax, and what the company owes the registry each year.
- Corporate income tax
- 10%
- Distributions
- Not in our records
- Audit
- Not in our records
- Small-company relief
- Not in our records
- Annual obligations
- Not in our records
- Annual registry fee
- Not in our records
VAT
The tax on what the company sells in Paraguay, and when it must register, as the tax authority states it.
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for Paraguay.
Tax calendar
When the main returns and payments fall due in Paraguay, tax year ejercicio fiscal 2025 (fiscal year 2025, declared 2026), as the tax authority states it.
- Corporate tax return
- 7 April · each year
ES: el Impuesto a la Renta Empresarial (IRE) Régimen General (IRE RG) se presenta hasta el vencimiento del cuarto mes después de finalizado el ejercicio fiscal. EN: a company under the IRE general regime files the annual return by the due date in the fourth month after the fiscal year end — for a 31 December close, the fixed day in April by the last digit of the RUC (the 7th for RUC ending 0, up to the 25th for RUC ending 9). The record takes 7 April. A non-working fixed day moves to the next working day.
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Impuesto a la Renta Empresarial (IRE) Régimen General (IRE RG), hasta el vencimiento del cuarto mes después de finalizado el ejercicio fiscal.
- Corporate tax, final payment
- 7 April · each year
ES: los contribuyentes del IRE deben presentar las declaraciones juradas determinativas y realizar los pagos del impuesto resultante, de acuerdo con el Calendario Perpetuo de Vencimientos; para el IRE RG, hasta el vencimiento del cuarto mes después de finalizado el ejercicio fiscal. EN: a company files the return and pays the tax resulting from it by the same date — the fixed day in the fourth month after the fiscal year end (7 April for RUC ending 0), after crediting the anticipos. The record takes 7 April. A non-working fixed day moves to the next working day.
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Impuesto a la Renta Empresarial (IRE) Régimen General (IRE RG), hasta el vencimiento del cuarto mes después de finalizado el ejercicio fiscal.
- Corporate tax, instalments
- 7 May · each quarter
ES: los anticipos a cuenta del IRE RG serán abonados en el primer, tercer, quinto y séptimo mes siguientes al vencimiento del plazo de presentación de la declaración jurada, de acuerdo con el Calendario Perpetuo de Vencimientos. EN: a company pays the IRE advance in four instalments, in the first, third, fifth and seventh month after the month in which the annual return is due — for a 31 December close (return due April), the instalments fall in May, July, September and November, each on the fixed day by the last digit of the RUC. The record takes the first instalment, 7 May for RUC ending 0; the frequency field is 'quarterly' because the schema offers no four-instalment value. A non-working fixed day moves to the next working day.
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Los anticipos a cuenta del IRE RG y del IRE SIMPLE, serán abonados en el primer, tercer, quinto y séptimo mes siguientes al vencimiento del plazo de presentación de la declaración jurada de dichos impuestos
- Personal income-tax return
- 7 March · each year
ES: el Impuesto a la Renta Personal (IRP) se presenta hasta el día del vencimiento del tercer mes después de finalizado el ejercicio fiscal. EN: an individual files the annual IRP return by the due date in the third month after the fiscal year end — for a 31 December close, the fixed day in March by the last digit of the RUC (the 7th for RUC ending 0, up to the 25th for RUC ending 9). The record takes 7 March. A non-working fixed day moves to the next working day.
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Impuesto a la Renta Personal (IRP) Hasta el día del vencimiento del tercer mes después de finalizado el ejercicio fiscal.
- Personal income tax, final payment
- 7 March · each year
ES: los contribuyentes del IRP deben presentar las declaraciones juradas determinativas y realizar los pagos del impuesto resultante de acuerdo con el Calendario Perpetuo de Vencimientos, hasta el día del vencimiento del tercer mes después de finalizado el ejercicio fiscal. EN: an individual files the return and pays the tax resulting from it by the same date — the fixed day in the third month after the fiscal year end (7 March for RUC ending 0), after crediting the retentions borne. The record takes 7 March. A non-working fixed day moves to the next working day.
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Impuesto a la Renta Personal (IRP) Hasta el día del vencimiento del tercer mes después de finalizado el ejercicio fiscal.
- Personal income tax, instalments
- Not required here
Paraguay's personal income tax (IRP) has no monthly advance-payment regime for individuals: the tax is liquidated and settled once a year, with the annual return due in March (the third month after the fiscal year end), per the DNIT's IRP page, which records the term as 'Vencimiento: Anual (Marzo)'. The IRE advance-payment regime (anticipos) applies to companies, not to individuals. There is therefore no individual advance obligation to record.
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Vencimiento: Anual (Marzo)
- VAT return
- Day 7 of the following month · each month
ES: el Impuesto al Valor Agregado (IVA) se presenta hasta el día del vencimiento del mes siguiente de finalizado el periodo fiscal a declarar, de acuerdo con el Calendario Perpetuo de Vencimientos. EN: a taxpayer files the monthly VAT return by the fixed day of the month following the period, set by the last digit of the RUC (the 7th for RUC ending 0, up to the 25th for RUC ending 9). The record takes the 7th. A non-working fixed day moves to the next working day.
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Impuesto al Valor Agregado (IVA) Hasta el día del vencimiento del mes siguiente de finalizado el periodo fiscal a declarar.
- Payroll withholding
- Day 7 of the following month · each month
ES: la liquidación de las retenciones de Renta (IRE, IRP, INR) y del IVA efectuadas por los Agentes de Retención deberá ser confirmada dentro de los seis primeros días corridos del mes y abonada hasta el día siete (7) de cada mes; si el vencimiento ocurre un día inhábil, debe cumplirse el primer día hábil siguiente. EN: an employer (withholding agent) confirms the retention return within the first six days of the month and pays the income tax withheld by the 7th of each month; a non-working day moves the deadline to the next working day. The record takes the 7th.
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deberá ser abonado hasta el día siete (7) de cada mes. Si el vencimiento del plazo para el pago de esta obligación ocurre un día inhábil, esta deberá cumplirse el primer día hábil siguiente.
Running the company
Running a company here
Not in our records The authorities’ pages on running a company have not been read for Paraguay yet.
Economy and trade
What it exports
Goods Paraguay exported, by product, as a share of its goods exports each year. Exports include goods passing through for re-export. A share describes Paraguay’s own trade; it does not compare places.
| Product (HS heading) | 2022 | 2023 | 2024 | Value, 2024 |
|---|---|---|---|---|
| Soya beans, whether or not broken HS 1201 | 12.0% | 27.4% | 27.7% | US$3.2 bn |
| Electrical energy HS 2716 | 16.1% | 12.6% | 10.4% | US$1.2 bn |
| Meat of bovine animals, frozen HS 0202 | 8.3% | 5.9% | 8.2% | US$944 m |
| Meat of bovine animals, fresh or chilled HS 0201 | 8.7% | 6.5% | 6.8% | US$777 m |
| Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil HS 2304 | 6.0% | 7.2% | 6.7% | US$774 m |
| Rice HS 1006 | 3.0% | 3.4% | 3.9% | US$445 m |
| Maize (corn) HS 1005 | 10.5% | 7.1% | 3.8% | US$440 m |
| Soya-bean oil and its fractions, whether or not refined, but not chemically modified HS 1507 | 5.5% | 4.1% | 3.6% | US$412 m |
| Insulated (including enamelled or anodised) wire, cable (including coaxial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors HS 8544 | 2.7% | 2.5% | 3.0% | US$349 m |
| Other oil seeds and oleaginous fruits, whether or not broken HS 1207 | 1.5% | 1.5% | 1.8% | US$212 m |
Total goods exports, 2024: US$11.5 bn. The ten largest headings are shown.