Paraguay's tax authority (SET) has published Decree No. 8894-2023, which updates the minimum investment amount for certain incentives under Law No. 60/1990 for the promotion of investments. In particular, the minimum investment amount is increased from USD 5 million to USD 13 million for the following incentives:
- Withholding tax exemption on interest, commissions, and capital paid to financial institutions or banks located abroad in relation to financing for a qualifying investment project;…