OrbitaxIncome tax amendments – regulations
|Approved Changes|Paraguay
Decrees 1012/13 and 1,031 of the Executive Power, in force as of 1 January 2014, provide regulations to the income tax amendments introduced by Law 5,601 of 2013 to Law 125/91. The main tax amendments regulated by the Decrees are as follows.
Effective 1 January 2014, a new tax on agricultural income (IRAGRO) provides three different regimes:
| - | small rural taxpayers: individuals whose annual income does not exceed PYG 500 million. These ta… |