On 29 September 2026, Paraguay’s Vice Minister of Economy and Planning, Gerardo Alfredo Ruiz Díaz Franco, led a delegation to the 11th OECD Latin America and Caribbean Regional Programme Ministerial Summit and the 23rd Advisory Group Meeting in Montevideo, Uruguay. This participation signals Paraguay’s continued commitment to aligning with OECD standards, particularly in tax transparency, base erosion and profit shifting (BEPS), and the two-pillar solution for digital economy taxation. The meetings provided a platform for Paraguay to showcase its reform progress and seek technical assistance for OECD accession.
Key Takeaways
- OECD Accession Roadmap: Paraguay is advancing its legislative and administrative reforms to meet OECD membership requirements, focusing on tax treaty network expansion, transfer pricing documentation, and exchange of information standards.
- Regional Tax Cooperation: The Ministerial Summit emphasized collective action on Pillar Two global minimum tax implementation, with Paraguay coordinating with regional peers to ensure consistent adoption timelines.
- Technical Assistance & Peer Reviews: Paraguay secured commitments for OECD peer reviews on tax transparency and anti-corruption, enhancing credibility for foreign investment.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement