What are payroll taxes in Paraguay?

The key number for businesses to remember with regard to taxation and payroll regulations is 10%. Nearly all taxes are set at this rate, which can make it easy to predict profits and coordinate finances. The corporate, income, and sales tax rates are all set at 10%. For certain individuals in the lowest tax bands, income is taxed at 8%. One notable exception is the country’s social security contribution, for which companies pay 16.5% and employees pay 9%. Taxes are automatically withheld from employee paychecks and paid to the relevant authorities by the employer.