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Paraguay's Senate has postponed for another week the review of a bill that exempts the import of vehicles and equipment for volunteer firefighters from taxes and fees. Finance Committee Chairman Silvio Ovelar requested the delay because DNIT Director Óscar Orué did not attend the meeting. The bill, approved by the Chamber of Deputies in December, faces automatic enactment on May 31.
silvio-ovelardnitAníbal de los Ríos, former advisor to the Institute of Social Welfare, proposed transferring the entity's revenue collection to the National Directorate of Tax Revenue, citing greater technical capacity and criticizing the IPS's financial disorganization.
ipsdnitanibal-de-los-riosThe director of Paraguay's Tax Revenue Office, Óscar Orué, stated that General Resolution DNIT No. 49/2026 does not create a new tax or limit the use of corporate reserves, but seeks to expand transparency and oversight over the origin and destination of accumulated profits.
dnitiduoscar-orueThe Ministry of Economy and Finance (MEF) and the National Directorate of Tax Revenue (DNIT) have begun new revenue and expenditure estimates to decide whether to raise the fiscal deficit cap, currently set at 1.5% of GDP. The move comes after first-quarter revenue fell short of expectations, while the accumulated deficit has already reached 0.8% of GDP and the annualized figure stands at 2.2%.
deficit-fiscalmefdnitcavialpafactoringThe strong appreciation of the guarani against the dollar, with the exchange rate near G. 6,000, is reducing the tax base on imports and pressuring revenue for the National Directorate of Tax Revenues (DNIT). Director Óscar Orué states that although import volume grew 5.2% in dollars through April, the 20.5% depreciation of the US currency caused the taxable base in guarani to fall 16.2%, mainly affecting the customs component. DNIT maintains its revenue projection for 2026, betting on strengthened oversight and better performance of internal taxes to offset losses.
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