Paraguay's tax authority (SET) has announced the issuance of Decree No. 2787/19, which establishes the dates for the entry into force of the tax reform measures provided by Law No. 6.380 on Modernization and Simplification of the National Tax System ({News-2019-10-11/A/5-previous coverage}).
With respect to the new unified business income tax (Impuesto a la Renta Empresarial, IRE), the Decree provides that reform measures apply from:
- 1 January 2020 for taxpayers whose fiscal year ends 31…