Regulatory updates - Panama

With Resolution 201-6299, the DGI has narrowed the scope of taxpayers who can use the free invoicing tool under the national e-invoicing system.

New criteria for using the free invoicing tool:

• Taxpayers have an annual gross income of 36,000 PAB (ca. 30,600 EUR) or less
• Taxpayers who issue a maximum of 100 documents per month

Taxpayers exceeding these thresholds must use an approved Qualified Authorised Provider.

The changes are as follows:

• Section 6.6. Fields that Describe the Subtotals and Totals of the Documented Transaction: the field dVTot now calculates the total invoice value by adding the value from node D15. To calculate the total invoice, nodes D14, D07, D08, and D15 must be summed up. Following that, any discounts or bonuses granted to the total invoice (D06) must be subtracted;
• Section 6.4.1. Group of Data that Identify the Issuer: the format for the contact telephone number of the issuer was updated, and the maximum length of the field B309 was increased from 12 to 16 characters;
• Section 6.4.2. Group of Data that Identify the Recipient: the recipient's contact telephone number format was updated, and the maximum length of field B408 was increased from 12 to 16 characters.

The modification entails that if the RUC values of the recipient (whether natural or legal persons) are entered in field B406, and the recipient is registered as a foreigner, it will render a rejection.

The change came into effect on November 29, 2024.