Paraguay Accountants Urge SIARA System Registration Despite IT Glitches

Paraguayan tax professionals are facing significant hurdles in registering for the new SIARA system, with the deadline for submission passing amidst persistent IT failures. The Paraguayan College of Accountants (CCP) has urged its members to proceed with registrations, emphasizing that the confirmation email will be accepted as proof of initiation.

Alba Talavera, Director of Education at the CCP, explained that this recommendation comes from the General Directorate of Legal Persons and Final Beneficiary Entities of the Ministry of Economy and Finance (MEF). The ministry has set a deadline of July 31 for responding to submitted applications. However, the immediate concern for many is the pressure from banks, which are already requiring SIARA registration for various financial transactions, including credit line renewals, new loans, and account maintenance.

The CCP plans to request a dialogue with the MEF's General Directorate to coordinate with the Superintendency of Banks. The goal is to persuade financial institutions to temporarily accept the registration confirmation emails as valid proof while definitive certificates are issued. Talavera stressed that the issue is not a lack of willingness to comply but rather the technical difficulties hindering the process. The problems reportedly begin with obtaining electronic identity and electronic signatures from the MITIC, a prerequisite for SIARA access, and continue during the document upload phase on the platform.