October 28, 2021
Paraguayan Government modifies transfer pricing provisions related to the exportation of certain commodities
Taxpayers must register their purchase-sale agreements concluded before November 1, 2021 for exports made after July 1, 2021 by December 31, 2021.
On October 14, 2021, the Paraguayan Government issued Decree No. 6105/21, which modifies certain provisions of the transfer pricing regime applicable to the exportation of certain agricultural products.
On December 30, 2020, the Paraguayan Government published Decree No. 4644/20, which regulates, among other things, the application of the transfer pricing method based on international quotations for the exportation of soybeans and their by-products, rice, corn and wheat. The transfer pricing rules for the exportation of these goods went into effect July 1, 2021.
Decree No. 4644/20 also requires taxpayers to register the purchase-sale written agreements related to these transactions in a web registry, which the Paraguayan tax authority will create.
Decree No. 6105/21
Decree No. 6105/21 modifies Decree No. 4644/20 by establishing that the Paraguayan tax authority will enable the purchase-sale written agreement registry on November 1, 2021. Additionally, Decree No. 6105/021 requires taxpayers to register their purchase-sale written agreements concluded before November 1, 2021 that are related to exports made after July 1, 2021 by December 31, 2021.