Ministerio de Economía y Finanzas – DGI (Dirección General de Ingresos).
e-Invoicing in Panama
Characteristics of the electronic invoice in Panama
Panama began its electronic invoicing system (SFEP) in 2016. It comprised of various phases (design, construction, voluntary pilot project and Massification).
The pilot project was launched with the publication of Resolution No 201-5784 by the tax authority (DGI). The resolution describes the technical characteristics of the electronic invoice and the names of the companies authorized to invoice electronically based on their turnover, volume, or industry.
In 2021, the Voluntary Massification stage began, in which any company wishing to do so could start invoicing electronically. As of July 30, 2022, all public entities are required to receive only e-Invoices issued by PAC (Authorized Certification Provider).
According to Law 256 published on November 26, 2021, it was established that, from January 1, 2023, all new RUC (Unique Taxpayer Registry) must use Electronic Invoicing through a Qualified Authorized Provider, PAC.
It is necessary to have the taxpayer credentials used to Connect to the e-tax 2 platform. The affiliation process is done through the registration option on the DGI’s website in the “factura electrónica” section.
Digitally signed XML according to Law 51, July 22, 2008 establishing the legal framework for the creation, use and archiving of electronic documents and digital signatures in the territory of the Republic of Panama.
according to Law 51, July 22, 2008, articles 2 and 74 the qualified digital signature of the issuer guarantees the invoice’s legal validity. The signature must be backed by a qualified electronic certificate issued by a certification authority registered with the National Directorate for digital signatures in the Panamanian public registry.
The CUFE code must be used by the taxpayer to uniquely identify an invoice, without having to use folios issued by the DGI.
The CAFE and a format for the printing on paper in letter size or on a paper tape, which must be legible for 6 months.
Electronic invoices sent to the SFEP must be stored by issuers and recipients for the time prescribed by the law. 5 years for ITBMS or VAT.