Electronic invoicing guide
Panama
Digital reporting requirements
Clearance.
Obligatory
Mandatory for B2B, B2C and B2G.
Any natural or legal person, who is exempt from the use of fifiscal equipment, is obliged to issue electronic receipts.
Authority
Ministry of Economy and Finance – DGI (Dirección General de Ingresos).
Platform
Certified Service Providers (CSP) for large companies.
SAT for small businesses.
Format
Local XML.
XML digitally signed in accordance with Law 51 of 22 July 2008, which establishes the legal framework for the creation, use and filing of electronic documents and digital signatures in the territory of the Republic of Panama.
Storage time
5 years.
Reporting and processes
Reporting
This country has no reporting obligations.
Processes
- It is necessary to have the taxpayer credentials used to connect to the e-tax 2 platform. The affiliation process is carried out through the registration option on the DGI website in the “electronic invoice” section.
- Large companies must use a Certified Service Provider (CSP) to issue their invoices. The CSP receives the information from the issuing taxpayers, certifies them and returns the invoices legally valid, with their authorization for use.
- PACs are companies certified by the Panamanian government to validate invoices.
Upcoming legislative changes
For the time being, no legislative changes are foreseen.
Links of Interest and documents
https://dgi.mef.gob.pa/
Documents
- Credit notes
- Debit Notes
- Import invoice
- Export Invoice
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