Vi presenterar G-P Gia™ – ditt pålitliga globala HR-ombud. Gia är nu tillgänglig i Beta. Gå med för fri tillgång
Vi presenterar G-P Gia™ – ditt pålitliga globala HR-ombud. Gia är nu tillgänglig i Beta. Gå med för fri tillgång
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6,109,644

Språk

1.

Spanska

2.

Guarani

Landets huvudstad

Asunción

Valuta

Guaraní (PYG)

Paraguay is a South American country that borders Brazil. With a population of over 7 million and plenty of natural resources, Paraguay is a great location for your company’s expansion. But before you begin hiring, you need to set up payroll. Here are a few important considerations when setting up payroll in Paraguay.

Taxation rules in Paraguay

Paraguay’s taxation laws set almost all contributions for employees at 10%, including corporate, income, and sales taxes. Individuals in the lowest tax bracket have an income tax requirement of 8%. The only exception is that employers pay 16.5%, and employees pay 9% to social security. The country uses a pay-as-you-earn (PAYE) system, so employers are responsible for deducting taxes from employees’ paychecks.

Paraguay payroll options for companies

There are 3 common Paraguay payroll options:

  • Internal: An internal payroll works for large companies with a large HR team. However, this option requires a larger budget and setting up a subsidiary.
  • Paraguay payroll processing company: A Paraguay payroll processing company is another option for businesses that would rather outsource. In this case, you’ll still be liable for all compliance matters and will have to keep up with the country’s tax and labor laws.
  • G-P: The easiest way to run payroll in Paraguay and stay compliant is partnering with an Employer of Record (EOR) like G-P. With us, you can rest assured that all employees will be paid on time, freeing you to focus on other important aspects of your business.

How to set up a payroll in Paraguay

In order to set up a Paraguay payroll, you’ll need a registered entity in the country. A subsidiary is necessary to handle everything from payroll to hiring employees and providing compensation and benefits. However, you can bypass entity setup when you work with G-P. Companies can leverage our existing subsidiary to begin hiring in minutes, not months.

Entitlement/termination terms

One of the most difficult aspects of global expansion is figuring out how to hire and terminate an employment relationship compliantly. The best way to establish entitlement and termination terms is through a written employment contract.

For example, employers must notify all employees of a dismissal in writing, but the notice period depends on how long the employee has worked for your company. Employees are entitled to severance pay in the case of an unjustified dismissal.

Streamline global payroll management with G-P.

G-P streamlines each step of the payroll management process with our market-leading global employment platform. Pay your team with confidence anywhere in the world in 150 currencies with our 99% on-time automated payroll system — all with just a few clicks. Our products also integrate with leading HCM solutions, syncing employee payroll data across platforms automatically to create one reliable, convenient source of truth for HR teams.

Contact us to learn more about how we can support you.

Ansvarsfriskrivning

DETTA INNEHÅLL TILLHANDAHÅLLS ENDAST I INFORMATIONSSYFTE OCH UTGÖR INTE JURIDISK RÅDGIVNING ELLER SKATTERÅDGIVNING. Du ska alltid konsultera med och förlita dig på din/dina egna juridiska rådgivare och/eller skatterådgivare. G-P tillhandahåller inte juridisk rådgivning eller skatterådgivning. Den här informationen är allmän och inte skräddarsydd för ett specifikt företag eller någon specifik arbetskraft, och speglar inte G-P:s leverans av produkter i någon specifik jurisdiktion. G-P lämnar inga utfästelser eller garantier gällande denna informations riktighet, fullständighet eller aktualitet och ska inte ha något ansvar för något som härrör från eller uppstår i samband med den, inklusive eventuell förlust som orsakas av att någon använder eller förlitar sig på informationen.

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