Tax in Paraguay

BKM | Berkemeyer

The tax team at BKM | Berkemeyer is led by specialists Mauro Mascareño and Federico Valinotti. It offers a comprehensive tax law service, often advising on tax incentives, litigation and import/export matters. The department works with a variety of domestic and international clients, covering a breadth of sectors, including infrastructure, manufacturing and travel. Government bodies also seek the firm's expertise to assist in drafting tax legislation; a recent highlight was its advice to the Paraguayan Chamber of Commerce and Services on drafting a regulatory decree on personal income tax and a bill amending current regulations. In other recent work, Mascareño and Valinotti assisted travel agent 5MTravel in the analysis, preparation and presentation of a binding consultation before the tax administration regarding the fiscal impact of structuring the business.

Key clients

Cámara Nacional de Comercio y Servicios del Paraguay

Organizador Cámara Nacional de Comercio y Servicios

Monte Alegre

Incade

Universidad Americana

Grupo 3MG

Sacyr Concesiones

5M Travel Group

Perfecta Automotores

API Movilidad

Oleaginosa Raatz

Exxis Paraguay

Scimitar Oryx Partners

Distribuidora Ypacarai

Ubrique Desarrollos

Tarva

Work highlights

Mersán Abogados

One of the central specialisms of the firm, MERSAN Abogados has a renowned tax practice and covers the full range of services in the area, advising on the tax aspects of contracts and commercial transactions; reviews of tax proceedings; export tax credit recovery; litigation before tax or judicial authorities; and tax incentives and special investment regimes. Senior partner Carlos Mersán leads the team, which has recently been instructed by Brazilian textiles company Altenburg in all tax matters related to its inaugural factory in Ciudad del Este. Clients include domestic heavyweights as well as multinationals in various sectors, including food and drink, banking and pharmaceuticals.

Practice head(s):Carlos Mersán

Key clients

Banco Itaú Paraguay

Pepsico Paraguay

Banco do Brasil

Bolsa de Valores y Productos de Asunción

Corporación Interamericana de Inversiones

British American Tobacco

3M Paraguay

Aseguradora del Este

Verbank Securities Casa de Bolsa

Sudameris Bank

NB Casa de Bolsa

Sudameris Leasing

Albarus

Sidus

Laboratorio Almos

Universidad Columbia del Paraguay

Pure Circle

Farmacenter

Granja Avícola La Blanca

Minerva

Etiquetas Adhesivas

Valorix

Vitol

Ball Corporation

Financiera El Comercio

Work highlights

Estudio Nora Ruoti & Asociados

Estudio Nora Ruoti & Asociados is a tax boutique headed by renowned partner Nora Ruoti. The firm advises domestic and international clients on the full range of matters, including tax planning, tax audits, incentives, compliance and litigation.

Practice head(s):Nora Ruoti

Ferrere

Representing top international clients including Uber, Imperial Shipping and Wells Fargo, FERRERE's tax law department is 'highly qualified' and 'responds efficiently and rapidly to urgent matters'. The practice is jointly headed by Néstor Loizaga, who advises on tax matters related to investment regimes, M&A, litigation and corporate structures, and Erika Bañuelos, a tax specialist who advises clients on issues related to customs law and administrative procedures. The firm is renowned for its commercial approach assisting foreign companies on their tax matters in Paraguay. Recent work highlights include advising DSM on the fiscal impact of the manufacturing and commercialisation of its products in Paraguay. Eduardo Ammatuna is also recommended.

Practice head(s):

Néstor Loizaga; Erika Bañuelos

Testimonials

The lawyers at Ferrere are highly qualified. As a team, they respond efficiently and rapidly to urgent matters and provide general advice. They work responsibly and efficiently.

I recommend the whole of the Ferrere team in Paraguay, but especially Eduardo Ammatuna, who assists our company promptly with any issue.

Key clients

Imperial Shipping

Uber

Megeve Investments

Petro Rio

Assist Card

Sarcom

Castleton Commodities

Wells Fargo

Claro

DSM

Work highlights

  • Advising DSM on the fiscal impact of the manufacturing and commercialisation of its products in Paraguay.
  • Instructed by Voith Hydro on tax implications regarding services rendered in the international tender call by the Entidad Binacional Yacyreta.
  • Assisting Consorcio Del Sur on the tax implications related to construction work.

Olmedo Abogados

Founding partner Gustavo Olmedo and corporate and commercial law expert José Olmedo head the tax team at Olmedo Abogados. Tax litigation is a major strength at the firm, and, on the non-contentious side, the department advises on tax planning and structuring, audits, tax incentives and tariff classification of goods. The firm is instructed by regional heavyweight clients in the energy, agrobusiness and insurance sectors, among others.

Vouga Abogados

Vouga Abogados 'stands out for its professionalism and rapid responses'Tax expert Andrés Vera 'provides a very good service' and co-leads the team, which is instructed by a client list that includes Copetrol, ADM Paraguay and Prosegur Paraguay. Vera is particularly strong in public-sector work, including the recovery of tax credits. Noted associate Silvia Benítez adds litigation expertise that enables the department to cover non-contentious tax matters.

Practice head(s):Rodolfo Vouga; Andres Vera

Testimonials

The team stands out for its professionalism and rapid responses to our requirements.

Rodolfo Vouga, Andres Vera and Silvia Benitez are recommended for their service, know-how and for always searching for solutions and alternatives for our business.

Andres Vera provides a very good service when handling our matters.

Key clients

Archer Daniels Midland (ADM Paraguay)

Prosegur Paraguay

Consorcio Expo

(Paraguayan Industrial Association) UIP

British American Tobacco

Copetrol

John Deere Financial Chile

Zavidoro Corporations – Sucursal Paraguay

GLT Casa de Bolsa

Peroni Sosa Tellechea Burt & Narvaja

The tax department at Peroni Sosa Tellechea Burt & Narvaja is particularly known for investigating tax evasion, assisting on tax rule interpretation and establishing administrative appeals and proceedings. Juan Carlos Boggino focuses on regulatory and administrative matters; Marcos Peroni has a strong background in commercial and corporate law to aid a domestic client base that covers the country's most important industries.