I always tought that Paraguay had a 0% Income Tax, but now I'm reading that last year they introduced Income Tax of 10%(Wich only apllies to the top %, beacause of a pretty high).
I found this:
http://www.businessweek.com/ap/financia … DK5B80.htmhttp://www.us.kpmg.com/microsite/tax/ie … 10-026.pdfhttp://www.taxrates.cc/html/paraguay-tax-rates.htmlhttp://www.nationsencyclopedia.com/Amer … ATION.htmlhttp://www.paraguay.com/nacionales/se-c … 2013-53273
The info form the pdf seems to legit because it comes from a firm connected with KPMG.
Any accountants or tax specialist in here?
-Does anybody here knows what the current status is, did this 10% income law fall thru?
-I've you have income from abroad, let's say some freelance work or advertisement income on the internet, is this considered taxable income in Paraguay?
-Is it easy to file taxes (for individuals and companies)?
-What about property tax when youown a house?