Radar Inversión · 13/10/2026 · Economy
Revenue is growing, but the components diverge
Between January and September 2026, Paraguay's DNIT collected G. 32,877,249 million in cash revenue, a 2.3% year-on-year increase. The G. 723,896 million gain masks opposing trends in domestic and customs taxes.
Domestic taxes offset a customs decline
Domestic collections reached G. 20,862,263 million, up 10.2% from 2025. Customs revenue fell 9.1% to G. 12,014,986 million. This gap explains why overall receipts grew far more slowly than domestic taxes.
September underlines the split
The DNIT collected G. 3,944,399 million in September, 3.4% more than a year earlier. Domestic taxes increased 8.2% to G. 2,487,953 million, while customs receipts slipped 4.1% to G. 1,456,446 million. The tax agency cited the guaraní's appreciation, which lowered the customs tax base in local-currency terms.
Implications for businesses and investors
A drop in customs revenue alone does not establish that fewer goods were imported: exchange rates and taxable values also influence receipts. Importers and logistics firms should monitor the dollar, customs valuations and costs. For fiscal analysis, the key question is whether domestic taxes can keep offsetting customs weakness.
What to watch next
Future DNIT reports, the exchange rate, VAT and corporate income tax receipts will show whether the gap persists. Radar Inversión's reading is that 2.3% overall growth should not be mistaken for equally strong performance in every source of government revenue.
Fuente de los datos / Data source / Datenquelle: DNIT, 01/10/2026.