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Ley Nº 7548/2025 ("Que Establece el Nuevo Régimen de Incentivos Fiscales para la Inversión Nacional y Extranjera") was approved by the Senate and Chamber of Deputies in late August–early September 2025 and promulgated by President Santiago Peña on 8 September 2025. It enters force 9 September 2025 and replaces the foundational Ley 60/90 (Decreto-Ley Nº 27 and Ley Nº 60 of 1990) that had governed Paraguay's investment-incentive architecture for 35 years.
Four structural pillars:
1. IDU equalisation — most consequential domestic-investor advance: Under Ley 60/90, exemption from the Impuesto a la Distribución de Utilidades (dividend-distribution tax) was available only to foreign-owned enterprises. Ley 7548/2025 extends this exemption to qualifying domestic investors, removing the single largest competitive asymmetry between national and foreign capital under the prior regime and directly incentivising Paraguayan corporate groups to structure qualifying investment projects domestically rather than routing through foreign holding structures.
2. Customs and VAT exemptions on capital goods and inputs: Qualifying projects receive exemption from customs duties and VAT on imports of capital equipment, machinery, raw materials, and production inputs. Export-oriented operations also qualify for VAT credit refunds on domestically-purchased inputs and services. Tourism ventures receive specific exemptions on capital goods acquisition.
3. Tiered regional and sectoral premium framework: Eligibility and incentive levels are calibrated by (i) project size — with enhanced tiers for larger-capex investments; (ii) region — preferential treatment for projects locating outside the Asunción metropolitan area, targeting interior economic-development gaps; (iii) strategic-sector alignment — projects within the electronics/electromechanical sector covered by companion Ley 7546/2025 and energy-intensive value-chain operations leveraging Paraguay's Itaipú/Yacyretá hydro-power surplus receive preferential scoring. R&D investment and workforce-training costs also generate tax credits.
4. Fiscal-stability guarantees: Time-limited regulatory-stability provisions guarantee eligible investors that the fiscal parameters of their approved projects will not be adversely modified during the benefit period — addressing the single most-cited structural deterrent to Paraguay FDI (historical regulatory-volatility risk premium). Benefit periods run up to 20 years.
Institutional governance: Projects are evaluated by the Consejo de Inversiones (Investment Council) and its Unidad Técnica del CIIPI (Technical Unit of the Inter-institutional Investment Council for Investment Promotion) as the qualifying authority. Approvals are issued via bi-ministerial resolution signed jointly by the Ministerio de Industria y Comercio (MIC) and the Ministerio de Economía y Finanzas (MEF), consolidating the approval pathway that was fragmented under the 60/90 framework.
Ley 7548/2025 is the third of three statutes promulgated on 8 September 2025 as a coordinated industrial-policy reset:
The three statutes interlock: Ley 7546 designates the strategic sector, Ley 7547 provides the export-platform vehicle, and Ley 7548 provides the investment-fiscal vehicle. Investors in the electronics/electromechanical sector may stack Ley 7547 (maquila) and Ley 7548 (fiscal incentives) benefit packages.