Existing transport VAT rate discount extended to 31 December 2022
The Paraguayan President’s department has rolled over the 50% VAT discount – to an effective reduced VAT rate of 5% from the standard rate of 10%. This was due to end on 31 September; it will now expire on 31 December 2022.
The tax subsidy applies to:
- Public transport
- Passenger tranport
- Cargo flights
- School transport
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The South American state has already provided similar relief to the following sectors:
- Tourism
- Tourist guides
- Hotel and accommodation services
- Transport services
- Goods for supply to tourists
- Leasing property on short term basis
- alcoholic beverages (excise duties)
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