On 10 August 2026, authorities from the Ministry of Economy and Finance of Paraguay, supported by the Inter-American Development Bank (BID), convened a working workshop to assess the progress of commitments under the Paraguay Country Programme with the Organisation for Economic Co-operation and Development (OECD). The session brought together technical coordinators from various Executive Power institutions, as well as representatives from the General Comptroller of the Republic, with the objective of reviewing the implementation status of OECD recommendations pertaining to tax governance, administrative transparency, anti-money laundering frameworks, and climate finance alignment. The workshop served as a critical checkpoint in Paraguay’s engagement with the OECD’s Peer Review mechanism, which evaluates the country’s tax administration efficiency, revenue administration modernization, and compliance with international standards such as the Base Erosion and Profit Shifting (BEPS) Project, Pillar Two Global Minimum Tax, and the Common Reporting Standard (CRS). Discussions focused on the concrete steps required to close implementation gaps, including the harmonization of domestic legislation with OECD model conventions, the enhancement of taxpayer service channels through digital transformation, and the strengthening of inter-institutional data-sharing protocols to improve voluntary compliance and reduce tax evasion. The MEF reaffirmed its commitment to achieving the milestones outlined in the Country Programme Strategy, which is aligned with Paraguay’s broader fiscal reform agenda, the Paraguay 2050 National Development Plan, and the nation’s obligations under international tax cooperation treaties. Furthermore, the workshop highlighted the role of capacity-building initiatives, technical assistance, and knowledge exchange with OECD member states to fortify the technical capabilities of the Tax Administration, improve the accuracy of tax risk management, and foster a compliance-friendly regulatory environment conducive to foreign direct investment and sustainable economic growth. The outcomes of the 10 August 2026 workshop will inform the next reporting cycle to the OECD, ensuring that Paraguay’s voluntary peer review process remains on track and that the country’s tax reform trajectory supports macroeconomic stability, revenue diversification, and inclusive development objectives.
Key Takeaways
- OECD Peer Review Progress and Implementation Gaps: The workshop assessed Paraguay’s advancement on OECD recommendations covering tax governance, administrative transparency, anti-money laundering, and BEPS/Pillar Two compliance, identifying specific legislative and administrative actions needed to close gaps.
- Tax Administration Modernization and Digital Transformation: Key discussion points included the digital overhaul of the Tax Administration, enhancement of taxpayer services, and improvement of tax risk management systems to align with international standards and reduce the compliance burden on businesses and individuals.
- Fiscal Policy, International Cooperation, and Development Impact: The MEF’s engagement with the OECD supports Paraguay’s fiscal reform agenda, debt sustainability under IMF arrangements, and inclusive growth objectives, with workshop outcomes shaping the next reporting cycle and reinforcing the country’s commitment to international tax cooperation and administrative efficiency.
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
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