ANNOUNCEMENT 07 Aug 2019

In August 2019, the government of Paraguay adopted new legislation eliminating the import duties on 222 capital goods

 

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Official Gazette of Paraguay. Gaceta Oficial de la República de Paraguay. Decreto N° 2278/2019. Available at: https://www.aduana.gov.py/uploads/archivos/DECRETO2278_0ox75fel.pdf

Customs of Paraguay- Aduana de Paraguay. Noticias. "Reducción temporal de aranceles al cero por ciento, de Bienes de Capital (BK), por Decreto Nro. 2278" (Retrieved on 06/07/2020). Available at: https://www.aduana.gov.py/7377-8-Reducci%C3%B3n%20temporal%20de%20aranceles%20al%20cero%20por%20ciento,%20de%20Bienes%20de%20Capital%20(BK),%20por%20Decreto%20Nro.%202278.html

Inception date: 07 Aug 2019 | Removal date: 31 Dec 2019

Import tariff

On 7 August 2019, the Ministry of Treasury of Paraguay announced the adoption of Decree 2278/2019 eliminating temporarily the import duties on 222 capital goods.

The measure reduces import tariffs from 2% to 0% and affects products such as engines, compressors, boilers, industrial ovens, agricultural machinery, pre-fabricated structures and electrical machinery among others.

Decree 2278/2019 entered into force on 7 August 2019 and applied until 31 December 2019.

 

Update
On 13 April 2020, the Ministry of Treasury of Paraguay announced the adoption of Decree 3528/2020 eliminating temporarily the import duties on 222 capital goods (please, see related state acts).