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Paraguay Tax Information

10% IVA

IVA is 10% standard, 5% reduced. Low corporate tax at 10%. RUC required.

Freelancer Services to Invoice

  • Hourly consulting
  • Project-based work
  • Retainer agreements
  • Milestone billing
  • Rush/priority fees

Invoice Requirements in Paraguay

RUC number
SET registration
Client RUC
Invoice number
IVA (10%)
Total in PYG

Payment Terms

Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.

Contado15 días30 díasCrédito

Payment Methods in Paraguay

Bank TransferBanco ContinentalItaúCredit CardCash

Freelancer Invoice Tips

  • Always use a unique invoice number
  • Clearly state payment terms upfront
  • Include detailed breakdown of work
  • Add late payment fees
  • Keep copies for tax purposes

Frequently Asked Questions

What tax rate applies to freelancer invoices in Paraguay?

Paraguay has 10% IVA. IVA is 10% standard, 5% reduced. Low corporate tax at 10%. RUC required.

What payment methods are common for freelancers in Paraguay?

Common payment methods in Paraguay include: Bank Transfer, Banco Continental, Itaú, Credit Card, Cash. Net 14 or Net 30 is standard. Consider 25-50% deposits for larger projects.

What should freelancer invoices include in Paraguay?

Your invoice should include: RUC number, SET registration, Client RUC, Invoice number. For freelancer services specifically, also include: Hourly consulting, Project-based work, Retainer agreements.

How do I invoice for hourly freelance work?

List each task with hours worked and hourly rate. Include dates and detailed descriptions.

Should I charge a deposit as a freelancer?

Yes, especially for larger projects. A 25-50% deposit protects you from non-payment.

What is Paraguay's IVA rate?

Paraguay applies 10% IVA standard rate and 5% reduced rate for basic items. One of lowest in South America.