Regulatory updates - Panama

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements for Panama.
February 1 2024

Panama mandates e-invoicing adoption for certain taxpayers

The Directorate General of Revenue (DGI) has released Resolution 201-0418, addressing the expiration of Certifications of Exception for the Use of Fiscal Equipment, with focus on taxpayers without a designated expiration date.

December 21 2023

DGI prohibits the usage of pre-accounts as a substitute for invoices

The Panamanian tax authority (DGI) has published resolution 201-10585 in the Official Gazette, which fines the delivery of "pre-accounts” (Sp.: Pre Cuentas) as a substitute for the invoice or equivalent tax documents (Sp.: Documento equivalente)

April 26 2023

Panama is amplifying the scope of the e-invoicing mandate

The General Directorate of Revenue (DGI) of Panama published a resolution establishing the deadline for implementing the electronic billing system in the country.

February 13 2023

Further timeline extension for certain operators in Panama

The Ministry of Finance of Panama published a new decree, which extends the timelines for specific taxpayer groups to implement the electronic invoicing system of Panama – SFEP (Sp.: “Sistema de Facturación Electrónica de Panamá”).

January 25 2023

Panama extends deadlines for specific taxpayers to comply with B2G e-invoicing rules

On 1 December 2022, the DGI published Resolution No. 201-8793 allowing more time for e-invoicing adoption among suppliers to public entities.

July 20 2022

Panama obliges more taxpayers to comply with the e-invoicing mandate

On 29 June 2022, the Republic of Panama published Executive Decree no. 25 in the Official Gazette. The Decree establishes a schedule for different taxpayers and operations to comply with the e-invoice issuing requirements for authorized fiscal equipment or the national e-invoicing system (SFEP), as per Law No. 256 from 26 November 2021.

November 17 2021

E-invoicing to become mandatory for certain Panamanian taxpayers

The National Assembly of Panama has published a new Law, amending Law 76 from 1976 in reference to the invoicing system. This step paves the way for countrywide implementation of the electronic invoicing system, SFEP.

May 28 2021

Panama will implement delegated clearance as a CTC model

As we mentioned in the previous update, Panama has the intention to implement an electronic invoicing regime.

April 6 2021

Voluntary e-invoicing adoption in Panama

As most of the countries, the government of Panama has taken measures to avoid tax evasion and increase tax collection. For that reason, the DGI - the General Revenue Directorate (Span.: Dirección General de Ingresos) - launched the e-invoicing project in 2016.

Country Specifications

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

Regulatory overview

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