01.04.22

Tax authorities approve e-invoicing methods to apply within the new system

Tax authorities in Panama are aspiring to introduce an e-invoicing system, known as Sistema de Facturacion Electronica de Panama (SFEP). Taxpayers have a few ways to comply with this e-invoicing system, which includes:

• Using the free e-invoicing platform available on the Tax Authority Website (this is applicable to smaller taxpayers);
• Adapting a data connection device to current tax printers;
• Migrate to an e-invoicing system where taxpayer can issue e-invoices through service providers accredited by the government (PAC).

We are awaiting further information from the Panamanian Tax Authorities regarding potential pilots, timeframes for implementation, and the scope of taxpayers affected, and will keep you updated.