Corporate Tax 2026

PARAGUAY Law and Practice Contributed by: Mauro Mascareño, Carlos Vargas and Rodrigo Gómez Sánchez, Mascareño Vargas – Asesores

Mascareño Vargas – Asesores (MVA) is an advisory firm that stands out for its unique business engineer - ing approach, offering comprehensive corporate ser - vices. The firm provides seamless, integrated solu - tions tailored to clients’ diverse needs by combining legal, tax and financial expertise. Its mission is to be the client’s trusted partner in Paraguay, delivering high-quality advisory services that support business growth across multiple jurisdictions while mitigat - ing risks and identifying strategic opportunities. The firm focuses on developing and expanding clients’

commercial activities by providing strategic corpo - rate law, taxation and financial structuring solutions. Its innovative, customised approaches are designed to meet each client’s needs, ensuring full regulatory compliance and helping them achieve their business goals. Extensive experience across various industries sets the firm apart, allowing it to offer highly relevant and strategic advice. The lawyers guide their clients through complex legal and financial landscapes, en - suring successful navigation of regulatory challenges.

Authors

Mauro Mascareño is the founding partner and managing director of MVA, with over 15 years of experience in corporate and tax law in Paraguay. He specialises in mergers and acquisitions, project financing

Rodrigo Gómez Sánchez is a partner at MVA specialising in tax, corporate and commercial law. He has extensive experience advising on complex tax structures, cross-border transactions and regulatory compliance,

and estate planning, with a strong focus on tax structuring and compliance. Mauro has advised multinational corporations and local businesses on foreign investment processes, tax planning and complex cross-border transactions. He is recognised for his expertise in optimising tax strategies for business growth. Mauro serves as vice president of the International Fiscal Association (IFA) Paraguay and holds postgraduate degrees from the London School of Economics and Harvard Kennedy School.

particularly in mergers and acquisitions, financing and corporate reorganisations. Rodrigo provides strategic guidance to multinational corporations and local businesses in Paraguay, helping them navigate evolving tax regulations and optimise their fiscal strategies. During his time at the Paraguayan tax administration, he advised on the regulation of the country’s current tax system. Rodrigo is also a board member and co-director of the Scientific Committee of the International Fiscal Association (IFA) in Paraguay.

Carlos Vargas is a partner at MVA and an expert in national and international tax law. With over 15 years of experience, he specialises in corporate tax advisory, business reorganisations and investment

projects, focusing on tax-efficient structures and compliance. He has a strong track record in advising multinational corporations and local businesses on tax planning and cross-border transactions. He is also an active member of the legal and tax community, contributing to discussions on evolving tax policies and international taxation.

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