CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Paraguay Senate Approves Soya Bean Tax

Paraguay Senate Approves Soya Bean Tax

by Mike Godfrey, Tax-News.com, Washington

26 June 2017


Paraguay's Senate has approved a scaled-back version of legislation to tax exports of untreated grains.

Initially, the Government had planned to tax all non-treated grain exports at 15 percent. But following criticism from politicians and the agriculture sector, the legislation will now only cover exports of untreated soya beans and the rate has been reduced to 10 percent.

The legislation was backed by 24 senators, with 17 voting against and 3 abstaining.

Proceeds from the tax will be used to fund health, infrastructure, road maintenance, and agriculture initiatives.

TAGS: tax | business | Paraguay | legislation

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »