Regulatory updates - Panama

E-Invoicing/CTC Model:

B2G and B2B: Pre-clearance

B2C: Post-clearance (Pre-clearance also possible)

Mandatory Infrastructure:

– Certified service providers (PAC) for large companies

– SAT for small companies

Mandatory Format:

Local XML

Mandatory for Issuing:

All suppliers, except some in special operations

Mandatory for Receiving:

All buyers, except some in special operations

eSignature:

Mandatory

Archiving Period:

5 years

Archiving Abroad:

Allowed under conditions