As a consequence of the COVID-19 Pandemic and with the aim of providing an efficient procedure to apply the impuesto a las transferencias de bienes corporales muebles y la prestacion de servicios (ITBMS) credit (ITBMS is the Panamanian VAT), the Panamanian tax authorities have clarified some criteria necessary for the ITBMS credit to be available to taxpayers.
Source: BDO
Latest Posts in "Panama"
- Panama Updates E-Invoicing Eligibility: New Revenue and Document Limits Effective January 2026
- Tax Authority Updates Rules for Accessing Free Electronic Invoicing System
- Panama: Updates on the E-Invoicing Platform
- Panama Ministry of Economy and Finance proposes tax amnesty for taxpayers.
- Panama Introduces Tax Amnesty Bill to Provide Relief for Taxpayers and Withholding Agents
