IMPORTANT – Law 526 of 2026: Economic Substance Requirements for Foreign-Source Passive Income

Arosemena, Noriega & Contreras |  +507 366-8400 |  anc@anorco.com.pa

Tag: Update 2025

  • Mandatory Update of the Taxpayer Registration Number (RUC) in Panama – What You Need to Know

    Mandatory Update of the Taxpayer Registration Number (RUC) in Panama – What You Need to Know

    MANDATORY UPDATE OF THE TAXPAYER REGISTRATION NUMBER (RUC)

    Dear Clients,

    Please be advised that the Panamanian Tax Authority (Dirección General de Ingresos – DGI) has recently implemented the application of the sanction identified as “318 – Tax Penalty” in the amount of USD 500.00 with respect to corporations that did not formally complete the Taxpayer Registry (Registro Único de Contribuyentes – RUC) update procedure, a filing that must be carried out before the corresponding tax authority.

    In this regard, our Firm has made the necessary updates. If any of your entities have been affected by the above, please contact us as soon as possible at +507 366-8400 or by email at anc-notificaciones@anorco.com.pa.

    We appreciate your maintaining the confidentiality of this communication. Our purpose is to bring this information to your attention in a timely manner to facilitate the adoption of the appropriate measures.

    We remain at your disposal to provide any legal support you may require.

  • Mandatory Update of the Taxpayer Registration Number (RUC) in Panama – What You Need to Know

    Mandatory Update of the Taxpayer Registration Number (RUC) in Panama – What You Need to Know

    MANDATORY UPDATE OF THE TAXPAYER REGISTRATION NUMBER (RUC)

    The General Directorate of Revenue (DGI) has issued Resolution No. 201-4488 dated June 4, 2025, launching a mandatory campaign to update the information contained in the Taxpayer Registration Number (RUC) for all individuals and legal entities.

    Key Points of the Resolution:

    • Mandatory requirement: All taxpayers are required to update their RUC information.
    • Deadline: The deadline to comply with this obligation is August 31, 2025.
    • How to update: The update must be submitted exclusively through the e-Tax 2.0 portal, with all required fields correctly completed.
    • Verification: All information submitted will be verified by the DGI.
    • Penalties: Failure to update the RUC or providing incomplete, incorrect, or insufficient information may result in fines ranging from US$100.00 to US$500.00, as established by the Tax Procedure Code.

    We urge all to complete this update as soon as possible to avoid penalties or disruption. Our team at AROSEMENA NORIEGA & CONTRERAS is available to assist you throughout this process.

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