Paraguay cryptocurrency tax guide
Paraguay's Congress passed a bill in mid-2022 establishing a tax and regulatory framework for crypto trading and mining businesses, which would have exempted such businesses from VAT while including them in the income tax regime. President Mario Abdo Benítez vetoed it on 31 August 2022; the Senate voted to reject the veto, but the Chamber of Deputies then archived the bill anyway, so it never became law. Paraguayan tax law is otherwise reported as not covering cryptocurrency mining specifically.
Jump to section
Tax authority: Subsecretaría de Estado de Tributación (SET) · Last reviewed 2026-10-28 · Next review due 2027-04-28
This is educational information, not individualized tax or legal advice. Cryptocurrency taxation changes quickly and depends on personal circumstances — confirm current rules with Subsecretaría de Estado de Tributación (SET) or a qualified local tax professional before relying on it.
Found something wrong or outdated? Report it.
What this guide covers
This guide documents Paraguay's crypto tax legislative history for 2025 -- a bill that came close to passing but ultimately didn't. set.gov.py wasn't directly fetched. This is educational information, not individualized tax advice.
Tax treatment of cryptocurrency
A crypto tax and regulatory bill came within one step of becoming Paraguayan law in 2022, but it never actually did. Paraguay's Congress passed a bill in mid-2022 (the Chamber of Deputies in May, the Senate in July) establishing a tax and regulatory framework specifically for businesses operating in crypto trading and mining. Under the bill as reported, crypto businesses would have been treated like securities dealers for tax purposes — exempt from VAT but included in the income tax regime — and miners would have had to file planned electricity use with the national utility ANDE, paying a reported 15% premium over standard industrial electricity rates. President Mario Abdo Benítez vetoed the bill on 31 August 2022, following recommendations against it from ANDE, the Ministry of Industry and Trade, and the central bank. The Senate then voted to reject the veto — but the Chamber of Deputies subsequently archived the bill instead of advancing it further, so despite surviving the Senate's override vote, it never became law. Outside any such bill, current Paraguayan tax law is reported as not covering cryptocurrency mining.
Common taxable events
- Not identified in this research pass. The only crypto-specific tax framework found was vetoed and subsequently archived, and never became law.
Potentially non-taxable events
- Not identified with confidence in this pass.
Tax rates and thresholds
No crypto-specific tax rate is currently enacted. The 2022 bill's reported structure (VAT exemption for crypto businesses, inclusion in the income tax regime, a 15% electricity-rate premium for miners) never became law, having been vetoed and then archived rather than overridden and passed.
Cost basis and calculation
Not applicable in the absence of confirmed enacted legislation.
Reporting and compliance
- This guide doesn't identify a confirmed individual reporting obligation specific to crypto.
Residency and cross-border issues
Not resolved in this research pass.
Example
This guide omits a worked tax example, since no crypto-specific tax framework was ever actually enacted in Paraguay — the only candidate framework identified was vetoed and then archived.
Official resources
- Subsecretaría de Estado de Tributación (SET): https://www.set.gov.py/
Limitations and review information
Tax year covered: 2025. Last verified: October 28, 2026. Known gap: set.gov.py wasn't directly fetched, and Paraguay's official Gaceta Oficial was not directly checked -- this guide relies on CoinDesk's and Decrypt's direct, dated news coverage of the veto and subsequent archiving, not the legislative record itself. This is educational information only, not individualized tax advice.
Sources
CoinDesk · Published/updated 2022-08-31 · Checked 2026-10-28
Supports: Read directly: that President Mario Abdo Benítez fully vetoed the crypto mining/trading tax and regulatory bill on 31 August 2022, following recommendations against it from ANDE, the Ministry of Industry and Trade, and the central bank, citing the mining industry's high energy use relative to its employment benefits.
- Paraguay Lawmakers Shelve Hotly Debated 'Crypto Law'Secondary source
Decrypt · Checked 2026-10-28
Supports: Read directly: resolves the prior pass's central open question. The Senate voted to reject Abdo's veto, but the Chamber of Deputies subsequently voted against putting the bill through, archiving it instead -- so despite surviving the Senate's veto override, the bill never became law. An exact date for this final archiving vote was not given in this source.
Related Kaavon resources
Kaavon's own generic calculators never assume one country's rules apply to you — enter your own rate, holding period, and figures.