Paraguay has published Decree No. 5075 of 5 April 2021 and Decree No. 5190 of 29 April 2021, which provide for the introduction of a special VAT regime for the import and sale of COVID-19 vaccines, as well as specified medicines and medical supplies for the treatment of COVID-19. The special regime includes that VAT will be paid at the time of import at the applicable rate, considering a tax base equal to 10% of the standard amount. Decree No. 5075 initially provided that the reduced 5% VAT…