IE · EuropePY · Americas
Ireland vs Paraguay: tax rates compared
Between the two, Ireland's income tax rate (48%) tops Paraguay's (10%) by 38pp. The 200-country average is 28%: Ireland sits above it, Paraguay sits below it. Ireland's figure is dated 2025-01-01 and Paraguay's 2026-02-07, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | IE | PY | Difference |
|---|---|---|---|
| Income Tax | 48% | 10% | IE +38 pplargest gap |
| Corporate Tax | 12.5% | 10% | IE +2.5 pp |
| VAT | 23% | 10% | IE +13 pp |
| Capital Gains Tax | 33% | 8% | IE +25 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Ireland | 48% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +38 pp | Ireland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Ireland | 12.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Paraguay | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +2.5 pp | Ireland higher |
Between the two, Ireland's corporate tax rate (12.5%) tops Paraguay's (10%) by 2.5pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Ireland | 23% | Source: PWC Worldwide Tax Summaries — Ireland (Corporate, Other taxes) · as of 2026-03-06 |
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Corporate, Other taxes) · as of 2026-02-07 |
| Difference | +13 pp | Ireland higher |
Between the two, Ireland's VAT rate (23%) tops Paraguay's (10%) by 13pp. The 181-country average is 15%: Ireland sits above it, Paraguay sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Ireland | 33% | Source: PWC Worldwide Tax Summaries — Ireland (Individual, Income determination) · as of 2026-03-06 |
| Paraguay | 8% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| Difference | +25 pp | Ireland higher |
Between the two, Ireland's capital gains tax rate (33%) tops Paraguay's (8%) by 25pp. The 175-country average is 10.3%: Ireland sits above it, Paraguay sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Ireland | 0% | Source: PWC Worldwide Tax Summaries — Ireland (Individual, Other taxes) · as of 2026-03-06 |
| Paraguay | 0% | Source: PWC Worldwide Tax Summaries — Paraguay (Net wealth/worth tax rates) · as of 2026-02-07 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Ireland and Paraguay both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.