Taxes on Goods and Services (As % of Revenue) rose to 36.1% in Paraguay in 2017

Taxes on Goods and Services (As % of Revenue) (%)
Economy | Paraguay | February 1, 2019
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Taxes on goods and services as a share of revenue reached 35.6 % in 2016 in Paraguay, according to the National Statistical Office. This is 1.44 % less than in the previous year.

Historically, taxes on goods and services as a share of revenue in Paraguay reached an all time high of 40.2 % in 2010 and an all time low of 35.3 % in 2006. When compared to Paraguay's main peers, taxes on goods and services as a share of revenue in Argentina amounted to 27.2 %, 19.0 % in Brazil and 49.7 % in Chile in 2016.

Paraguay has been ranked 52nd within the group of 112 countries we follow in terms of taxes on goods and services as a share of revenue, 6 places behind the position seen 10 years ago.

Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on the extraction and production of minerals, and profits of fiscal monopolies.

Taxes on Goods and Services (As % of Revenue) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Argentina % 29.7% 29.6% 29.2% 27.6% 28.0%
Bolivia % ... ... ... ... ... ... ... ... ...
Brazil % 23.4% 22.6% 22.4% 22.0% 20.6%
Chile % 44.0% 43.3% 48.9% 49.2% 48.5%
Paraguay % 39.1% 37.1% 39.1% 39.2% 37.2%
Peru % 36.2% 35.1% 35.9% 36.1% 38.3%
Uruguay % 39.6% 39.5% 37.0% 35.7% 33.1%
Venezuela % ... ... ... ... ... ... ... ... ...