Provisions issued by the National Securities Commission (“CNV”) in the face of the pandemic generated by COVID-19
I. Filing of Documents – Front Desk Documents usually filed by agents, or by entities of any other nature, must be submitted to the CNV by email only, using the address secretaria@cnv.gov.py. The CNV will be communicating the date in which this measure is lifted II. Operations by the Stock and
Amendment of Decree No. 1.490/2014 which regulates Competition Law No. 4956/2014
The main amendments set through Decree No. 3,488/2020 are: i. Any natural or legal person is subject to the duty of collaborating with CONACOM if so required. In this sense, CONACOM may request the submission of data, information and documents, including attending to hearings. iii. The required information should be submitted within
Provisions and measures taken by the Central Bank Of Paraguay (“BCP”) over the COVID-19 pandemic spread
A. Resolution No. 4, Minutes No. 18 of 03/18/2020 (support to economically affected sectors over COVID-19) Measures adopted by the BCP to support sectors affected by the economic crisis over COVID-19 are the following: i. Interruption in default calculations and other measures As an exceptional measure until December 31, 2020,
Tax measures taken by the Tax Administration in the framework of the Emergency Law
On April 1 2020, the Tax Administration (SET) issued RG No. 49/20, providing the following measures: – Tax liabilities with initial due date from March 21 to 26, 2020, were deferred to May 4, 5 and 6, 2020, respectively. – Iracis and Iragro liabilities corresponding to the year ended on December 31, 2019, with initial due
Impact of COVID-19 spread on contract fulfilments
The Government of Paraguay has taken a number of actions over the risk of the COVID-19 spread on the national territory, by issuing resolutions and decrees with direct impact in social, legal and financial fields. On March 26, 2020, Law No. 6524 was enacted, “declares Emergency throughout the entire territory
Emergency law over the COVID-19 pandemic
The Executive Branch (“EB”) enacted Law No. 6524/20 (the “Law”) on March 26 2020, after two marathon days for debate and approval at the National Congress, declaring emergency throughout the country for year 2020 over the Covid-19 pandemic and establishing administrative, labor, corporate, fiscal and financial measures. Basically, this Law grants broad
New transitional tax measures – COVID 19
In context of the health emergency, the Tax Administration laid out until June 30th 2020, (RG No. 47/20) the following administrative measures: For acquisition and/or renovation of credits from financial brokers and/or cooperatives, it will be mandatory the presentation of a certificate of tax compliance or proof of not being
Tax measures taken by the Executive Power and the Tax Administration in context of containment actions undertaken regarding COVID-19
In accordance with health measures adopted by the Executive Power and the Ministry of Health to prevent the spread and infection of Covid-19, the Tax Administration (Subsecretaría de Tributación “SET”) took, to this date, the following measures outlined in Decree No. 3457/20, and RG No. 43/20, 44/20, and 45/20: i.
