Brazilian businessmen seek to expand partnerships with Paraguay

Brazilian businessmen seek to expand partnerships with Paraguay

According to CNI, double taxation will reduce the tax burden for investment-related and trade-related services.

The National Confederation of Industry (CNI) wants to increase the bilateral agenda of agreements with the new Paraguayan government under the command of President-elect Mario Abdo Benítez, inaugurated today (15).For entrepreneurs, it is necessary to move forward in reducing red tape and improving the business environment.The provision is to negotiate double taxation.According to CNI, double taxation will reduce the tax burden for investment-related and trade-related services.It will also increase legal certainty and the competitiveness of Paraguayan and Brazilian companies' operations.The positive impacts of the eventual agreement would reach operations involving payment of services and royalties, which are fundamental in the aggregation to bilateral trade of manufactures.According to studies by the entity, the measure will contribute to the facilitation of both ongoing and future business and investments.Under Mercosur, Brazil has this agreement only with Argentina.Part...


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