Paraguay

Travel expenses and other similar payments are deductible, as long as they are necessary to produce such taxable income and comply with certain conditions established in the regulations.

Personal Income Tax deductions

In this point , it may be inferred, among others, the acquisition of furniture, equipment, the construction, remodeling or refurbishment of the office or establishment intended for the performance of the taxed activity.

The taxpayer may also deduct:
1. Personal expenses or in favor of their dependent family members made in the country when intended to:a) Feeding.b) Clothing.c) Lease of housing. As well as the maintenance of the housing, whether owned or leased.d) Acquisition of furniture, appliances, and household appliances.(e) Expenditure for recreational activities, provided that they are carried out in the country or have been acquired in the country, under the terms and conditions established by the Tax Administration.
2. Personal expenses and in favor of dependent family members made in the country and abroad, when they are intended exclusively for health and education
3. Expenditure for the acquisition of a car (every 3 years).
4. Personal expenditure for the acquisition of real estate, including the construction, remodeling, or refurbishment of the house under the conditions provided for in Article 66 of this Law.

5. The employer's contribution to the worker made to the Social Security System created or admitted by law or Decree-Law. Included in this concept are contributions made by independent personal service providers to a private social security system approved by law.

6. Quotas, contributions, tithes, and donations made in favor of the State and the Municipalities; associations; fire brigades; cultural, artistic, sporting, social service, and charity entities, all of them provided they have legal personality; and in favor of religious entities recognized by the competent authorities. In these concepts, the deduction may be made until the limit established by the Executive Branch.
 
Deductions for admitted expenditure shall be conditioned on them being made with income taxed by the PIT for the fiscal year being settled or have been covered by income from loans from banks, savings and loan associations, or the remnant of taxable income from the previous five fiscal years.

Negative results from the expenditures provided for in this Article shall not be subject to compensation or carry forward in the following fiscal years