Does cifraHQ comply with SET Paraguay?

Yes. cifraHQ natively issues SIFEN electronic documents, handles VAT 10%/5%, IRE, and all current SET regulations.

Does it handle IPS payroll in Paraguay?

Yes. cifraHQ calculates IPS employer 16.5% and employee 9%, generates payroll sheets and disbursement files for Paraguayan banks.

Made in Panama · For the Americas

Peace and Justice · Republic of Paraguay

ERP software built
for the Americas.
Crafted with pride for Paraguay.

SET · SIFEN Electronic Invoicing · VAT 10%/5% · IRE · IRACIS · IPS · Full payroll.
Complete business management for South America's green heartland.

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Paraguay: The Heart of South America

Paraguay is one of South America's fastest-growing markets. With a GDP of over US$40 billion and a de facto dollarized economy -- the guaraní coexists with the dollar in all commercial operations -- the country offers macroeconomic stability, low taxes (VAT 10%, IRE 10%) and a business-friendly environment for foreign direct investment.

Paraguay generates over 100% of its electricity with hydroelectric power -- the Itaipú dam, shared with Brazil, is the world's most productive. That energy abundance attracts industries, maquiladoras, data centers and cryptocurrency farms. The agricultural sector positions Paraguay among the world's top five soybean exporters and the planet's fourth-largest cattle reserve.

For companies operating in this dynamic environment -- with obligations to SET, IPS, and the new SIFEN electronic invoicing system -- cifraHQ was born in Panama to bring ERP precision to every corner of the Americas.

Paraguay by the Numbers

US$40B+

National GDP

7.4M

Inhabitants

VAT 10%

Lowest standard rate in SA

Itaipú -- world's most productive dam

Top 5

Global soybean exporter

Departments

PYG+USD

Bi-monetary economy

MERCOSUR

Founding member

Megaprojects Transforming Paraguay

Itaipú Dam -- Energy for the World

14,000 MW capacity; Paraguay exports surplus to Brazil and Argentina, generating US$400M+/year in revenue.

Bioceanic Road Corridor

2,700 km route connecting Pacific (Chile) and Atlantic (Brazil) ports through Asunción.

Villeta Intermodal Port

Paraguay-Paraná river hub; South America's largest inland port in constant expansion.

Ñu Guasú Technology Park

Asunción's tech hub with incubators, fintech and software companies attracted by cheap energy and zero dividend tax.

High-Tech Agribusiness -- Soy & Beef

US$10B+ in agricultural exports; blockchain traceability in livestock and precision technology in crops.

Salto del Guairá Free Zone

E-commerce, manufacturing and re-export to Brazil; Paraguay's largest free zone by volume.

National Maquiladora Industry

Maquiladora regime attracts investment from Brazil, Argentina and Asia; 300+ companies employ 30,000 people.

Data Centers & Crypto Mining

Electricity at US$0.04/kWh attracts international mining farms and data centers to Asunción and CDE.

2035 Road Infrastructure Plan

US$3B in highways, bridges and regional integration corridors for Paraguay's future.

Native SET Compliance

cifraHQ incorporates every current tax and labor obligation in Paraguay, without third-party integrations.

SIFEN E-Invoice SET Certified VAT 10% / 5% IRE 10% IRACIS IRPC IPS Employer 16.5% IPS Employee 9% Christmas Bonus Severance / Notice Annual Leave IFRS / NIIF Multi-currency PYG/USD Maquiladora

Origin · Panama

Born in Panama.
Built for the Americas.

cifraHQ was created in Panama -- the financial and logistics heart of the hemisphere -- to bring world-class ERP software to every economy in the region. Paraguay, with its agricultural boom, clean energy, and fiscal competitiveness, deserves exactly that precision in its business management.

Multi-company, multi-currency PYG/USD, IFRS, and Paraguayan banking integration (BCP, Itaú PY, Sudameris, Continental, Regional) -- built in from day one.

"A country that feeds the world with its soy and generates electricity for its neighbors also deserves software that understands its scale. -- The cifraHQ philosophy"