WTS in Paraguay

Peroni, Sosa, Tellechea, Burt & Narvaja (PSTBN) is one of the largest and most prestigious full-service law firms in Paraguay. Founded in 1968 and based in Asunción, the firm has advised international and local clients for more than five decades across all major areas of business law and was recently approved as LATAXNET's member firm in Paraguay.

PSTBN operates as a one-stop shop for foreign investors and foreign counsel doing business in Paraguay, providing a single point of contact for the full life cycle of an investment. The firm’s practice covers corporate law and M&A, foreign investment and investment incentive regimes (investment promotion, maquila and free zones), tax, banking and international finance, labor and immigration, energy and natural resources, telecommunications, maritime and aviation, insurance and reinsurance, intellectual property, regulatory matters and public procurement, as well as litigation and arbitration before the courts and government agencies, where PSTBN has represented clients in landmark cases.

The tax practice, one of the firm’s core strengths, covers the full range of Paraguayan tax matters. The team advises on the Paraguayan tax aspects of market entry and investment structuring, the application of double tax treaties, tax incentive regimes, corporate reorganizations, tax due diligence and day-to-day corporate tax matters, and represents clients in tax audits, administrative proceedings and litigation before the tax administration (DNIT), the Tax Court (Tribunal de Cuentas) and the Supreme Court of Justice.

Over the decades, PSTBN has been a leader in legal innovation in Paraguay: the firm has advised successive administrations on development strategies, worked closely with Congress in the drafting and enactment of new legislation, published leading legal reference works and taken an active role in university education. PSTBN was recognized as Paraguayan Law Firm of the Year by the Chambers Latin America Awards for Excellence in 2009, 2012 and 2014, and its practices and partners are consistently ranked by Chambers & Partners, The Legal 500 and ITR World Tax.