Department profile
Mascareño Vargas – Asesores

Corporate/Commercial

Latin America Guide 2027 : Paraguay

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Mascareño Vargas – Asesores

Rankings

Chambers Review

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Corporate/Commercial - Paraguay

Band 3

What the Team is Known For

Mascareño Vargas – Asesores is a well-regarded firm with a notable corporate and commercial practice in Paraguay, particularly recognised for its strength in the tax field. Drawing on a multidisciplinary team, the firm is well placed to advise on mergers and acquisitions, as well as corporate reorganisations. The practice also offers particular expertise in tax matters, including both advisory and contentious work. The firm is sought after by clients across a variety of sectors, including telecommunications, agribusiness and real estate.

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Work Highlights

Provided by Chambers

  • Mascareño Vargas – Asesores advised Millicom on the tax aspects of the post-merger integration of its Paraguayan telecommunications operations following the absorption of Servicios y Productos Multimedios by Telecel SAE (Tigo).

Strengths

Provided by Chambers

  • Mascareño Vargas – Asesores are distinguished by their ability to provide comprehensive solutions, supported by close attention to detail and in-depth analysis. The team adopts a truly multidisciplinary approach and is consistently available when needed, regardless of the complexity or urgency of the matter.

    Corporate/Commercial respondentLatin America

Notable Practitioners

Provided by Chambers

  • Carlos Vargas
    Carlos Vargas

    Carlos Vargas

    Market-leading tax partner Carlos Vargas garners praise from interviewees for his active practice in the Paraguayan tax arena. He is particularly noted for advising clients on tax audits, contentious tax matters and regulatory issues.

    • In addition to his great expertise, Carlos Vargas always brings a touch of skill when defending and advocating in the face of potential tax claims. His client service, ability to handle complexity, and commercial vision are all ten out of ten.

      Corporate/Commercial respondentLatin America

    • In every interaction, Carlos Vargas demonstrates a deep knowledge of tax law and regulation. He is distinguished by his sharp analytical skills, ability to adapt to clients' objectives and talent for resolving complex matters quickly and effectively.

      Corporate/Commercial respondentLatin America
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  • Mauro Mascareño
    Mauro Mascareño

    Mauro Mascareño

    Head of Mascareño Vargas – Asesores' tax and corporate departments, Mauro Mascareño is routinely engaged on regulatory tax mandates for a wide range of clients operating in Paraguay. His practice also encompasses contentious tax matters, including tax litigation, as well as corporate reorganisations and advisory services.

    • Mauro Mascareño stands out for his high level of technical expertise, strategic thinking and strong business acumen. He combines an excellent ability to tackle complex issues with agile, clear and effective responses.

      Corporate/Commercial respondentLatin America

    • Mauro Mascareño’s perspective extends beyond purely legal considerations. His comprehensive understanding of business operations and commercial realities enables him to provide well-rounded advice and clearly distinguishes him in the market.

      Corporate/Commercial respondentLatin America
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Ranked Individuals at Mascareño Vargas – Asesores (3)

Paraguay

Members

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Mascareño Vargas – Asesores has rankings in the following guides

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