Paraguay

EU-Mercosur Trade Agreement (EMPA) - ECOVIS International
Paraguay

EU-Mercosur Trade Agreement (EMPA)

The newly signed EU-Mercosur Trade Agreement represents a major milestone in transatlantic commerce. The European Commission estimates that EU exports to the Mercosur bloc (Argentina, Brazil, Paraguay and Uruguay)could rise by up to €50 billion by 2040, while companies may realize annual customs tariff savings of around €4 billion per year once tariff reductions are fully implemented. The treaty will create one of the largest free-trade zones globally, covering a market of approximately 700 million consumers and offering strategic diversification beyond entrenched US–China trade routes.
Tax reform Brazil: Alignment with International Standards - ECOVIS International
Paraguay

Tax reform Brazil: Alignment with International Standards

With the tax reform, the Brazilian government intends to introduce a new tax collection model. It is intended to support fiscal sustainability and alignment with global standards. The new system is scheduled to come into force in 2027. One of the most important changes is the introduction of the split payment model. The Ecovis experts explain what this means.
Peru: When lack of documentation triggers a dividend recharacterization - ECOVIS International
Paraguay

Peru: When lack of documentation triggers a dividend recharacterization

In a recent resolution, the Peruvian Tax Court analysed a case in which funds from a company were deposited directly into the personal bank account of its legal representative without supporting documentation. The Peruvian tax authority (SUNAT) treated such deposits as undeclared dividends. The Ecovis experts explain the court’s ruling, which contradicts this view.
Foreign Companies Hiring in Spain - ECOVIS International
Paraguay

Foreign Companies Hiring in Spain

At Ecovis Legal Spain, we do often receive inquiries from foreign companies about their possibility and options to employ workforce in Spain. In some cases, the foreign company plans to operate in Spain, while in others, it does not. Below a series of most FAQ with their answers.
The Main Challenges Faced by Foreign Companies in Brazil - ECOVIS International
Paraguay

The Main Challenges Faced by Foreign Companies in Brazil

One of the main challenges for international entrepreneurs is understanding labor conditions and their legal implications in Brazil, where there is strong protection for employees—especially in labor courts. Aiming to boost job creation and attract foreign investment, Law No. 13.467 introduced major reforms to labor legislation in 2017, modernizing the Consolidation of Labor Laws (CLT).
12th ECOVIS Regional Partner Meeting of the Americas - ECOVIS International
Paraguay

12th ECOVIS Regional Partner Meeting of the Americas

From 20th – 22nd February, Ecovis partners gathered in Asunción, Paraguay, for the 12th ECOVIS Regional Partner Meeting of the Americas.
Uruguay’s Real Estate Market: A Growing Opportunity - ECOVIS International
Paraguay

Uruguay’s Real Estate Market: A Growing Opportunity

In recent years, Uruguay’s real estate market has experienced significant growth driven by various factors, notably the promotion and encouragement of investments in this sector. These initiatives have provided substantial benefits not only to local and foreign investors but also to end-users seeking housing solutions.
Global minimum tax Brazil: Government proposes additional taxation - ECOVIS International
Paraguay

Global minimum tax Brazil: Government proposes additional taxation

Multinational companies with a global annual turnover of more than EUR 750 million will have to pay an additional social security contribution on their net profits (CSLL) in Brazil from the 2025 tax year. Affected companies should therefore review their tax planning strategy. The consultants at Ecovis know the details of the new global minimum tax.
Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in the US, Canada, Uruguay, Paraguay and Peru - ECOVIS International
Paraguay

Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in the US, Canada, Uruguay, Paraguay and Peru

Since the outbreak of COVID-19 we have seen dramatic changes and huge impacts on enterprises worldwide. Our Ecovis partners in the US, Canada, Uruguay, Paraguay and Peru have summarized new temporary legal measures, postponements of taxation due dates and financial aid for corporates and individuals. US Treasury Secretary Steven Mnuchin stated, during a press conference […]
Modifications to the tax system in Paraguay - ECOVIS International
Paraguay

Modifications to the tax system in Paraguay

According to official data, Paraguay has a total population of 6,873,496 inhabitants. From this total, the total Economically Active Population (PEA) is 3,465,976, which corresponds to approximately 50% of the total population. As of December 31, 2019, the total number of taxpayers registered with the Ministry of Finance was 824,179, which represents 24% of the […]
Paraguay

Modificaciones al sistema fiscal en Paraguay

Según datos oficiales, Paraguay cuenta con una población total de 6.873.496 habitantes. De ese total, la Población Económicamente Activa (PEA) es de 3.465.976, el cual corresponde al 50% aproximadamente de la población total. Al 31 de diciembre de 2019, el total de contribuyentes registrados en el Ministerio de Hacienda fue de 824.179 que representa el […]
Business opportunities in Paraguay - ECOVIS International
Paraguay

Business opportunities in Paraguay

Paraguay provides an ideal gateway to all the member states of the MERCOSUR (South American Common Market), a trade bloc comprising a population of some 280,000,000 in total, which makes it an attractive prospect for investors. Paraguay is only two hours’ flight away from such important cities as Buenos Aires, Sao Paulo, Montevideo and Santiago. […]
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