Learn when to register, how to handle invoices and declarations, understand ITBMS rates, exemptions, and reduced rates, and why seeking tax advisory services is crucial.
Tag Archives: Taxation
Electronic Billing in Panama: Taxpayer Obligations and Exemptions
Learn about the recent Decree No. 147 of May 26, 2021, which mandates all taxpayers, including individuals and legal entities, to issue invoices or equivalent documents for legitimizing their operations. Discover the exemptions for liberal, artisan, and artistic professions, as well as lawyers who can opt for the Electronic Billing model instead of using fiscal printers.
Promoter of Free Zones in Panama
Free Zones are part of a special simplified global regime for the establishment and operation of companies that contribute to the development of the country and the creation of jobs, framed in the global goods and services economy.
Law 337 of 2022
The Government of Panama enacted Law 337 of 2022 (the “Law”), for the purpose of increasing the collection of taxes and duties.
New Laws on International Tax Fiscal Transparency
In order to comply with the Foreign Account Tax Compliance Act (FATCA) and facilitate the exchange of tax information, Panama enacted the following laws…