OrbitaxTax on dividends and profit distributions paid to residents – clarifications
|Approved Changes|Paraguay
Decree 76 of 2013, as regulated by General Resolution 2 of 2013, has clarified the timing for the application of the tax on dividends or profit distributions, as follows:
| - | An additional 5% tax on dividends or profit distributions is levied upon the distributing company when a distribution is made to resident shareholders or members. Under the amendments, the tax is levied:
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