Paraguay's tax authority (SET) has published Decree No. 4644 of 30 December 2020, which regulates the implementation of the new transfer pricing rules provided for by Law No. 6.380 of 2019 on Modernization and Simplification of the National Tax System, including confirmation and clarification of the application of the rules. The Decree applies from 1 January 2021. Some of the key points include:
- The new transfer pricing rules apply for corporate taxpayers in Paraguay with respect to transac…