Paraguay: Living There - Tax Issues
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Last Updated: Jul 06, 2006
Living There
Individual income tax at the rate of 10% will apply to residents, starting 1 January 2006. The taxable income is the net income exceeding 10 minimum monthly wages.
Capital Gains
Capital gains earned by residents from selling real estate properties are generally not taxed in Paraguay.
However, capital gains derived by persons who are habitually engaged in purchasing and selling real estate properties are taxed as ordinary income. A person is deemed to be engaged in habitual activity when he sells more than two properties in a given tax year.
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