The Paraguay Tax Administration (SET) recently informed the business community that it is initiating a project to introduce the mandatory use of electronic invoices. The project will be executed in three phases: 1) Definition of the e-Invoice model; 2) Development of the necessary regulations and the technical platform and 3) Implementation of a pilot plan involving a limited set of businesses. Upon successful completion of the pilot, Paraguay expects to apply the mandate to all taxpayers. The specific dates of each phase have yet to be announced, although we expect regulatory guidance to be forthcoming in the next short while.
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