| Update: | Compliance Alert - SET unveils a resolution requiring specific taxpayers to exclusively use e-invoices |
| Date: | 2024-01-22 |
The General Resolution DNIT No. 01/2024, recently published on Paraguay's Subsecretariat of State for Taxation (SET) website, introduces a new category of taxpayers.
As per regulation, newly registered legal entities in the Single Taxpayer Registry (RUC) are mandated to use electronic invoices ("E-Kuatia" or "E-Kuatia'i") exclusively for invoicing purposes.
With the enforcement of this mandate, DNIT will cease the issuance of “timbrados*” for new legal entities through any other means besides electronic invoices.
This requirement does not extend to the issuance of the Virtual Retention Voucher.
The effective commencement date for the new obligation is 1 January 2025.
* “Timbrado” is a process of intervention by the Tax Administration before the printing of documents that have tax effects, such as invoices.