Executive Decree No. 147 of May 26, 2021 establishes the regulations for the adoption of the Electronic Invoice

The Electronic invoice is the fiscal document that supports the commercial operations between the seller and the buyer, which provides authenticity and integrity to its content.

Therefore, there are currently two alternatives to implement as of June 1, 2021, on a voluntary basis:

  • Free Electronic Billing of SFEP through the DGI platform for natural and legal taxpayers up to 1,000,000.00 in annual billing.
  • Electronic Invoice Mode that uses Qualified Authorization Providers (PAC), those legal taxpayers in general, with high billing volumes.

Therefore, for the implementation of both modalities, issuers of electronic invoices must meet the following requirements:

Free Electronic Invoicing:

  • Have due exception for the use of Fiscal Equipment
  • Be Registered in the Electronic Invoice System of Panama before the General Directorate of Income
  • Report subsequent events related to the issuance of an electronic invoice.

Electronic Invoice through Qualified Authorization Providers (PAC):

  • Have due exception for the use of Fiscal Equipment
  • Have an electronic certificate issued by a certification service provider registered with the National Directorate of Electronic Signature of the Public Registry of Panama, with which you must sign your electronic documents.
  • Be Registered in the Electronic Invoice System of Panama before the General Directorate of Income
  • Issue the documents according to the specifications established in the Technical Sheet
  • Contract the services of at least one qualified Authorization Provider (PAC) to obtain the Authorization and Use of your electronic documents.
  • Report subsequent events related to the issuance of an electronic invoice.

Those who need Electronic Signature:

If required by legal taxpayers operating under the Electronic Invoice Mode through Suppliers (PAC)

Relationship between the current Fiscal Printer and Electronic Invoice:

Legal taxpayers may continue to operate with their Fiscal Printer or Fiscal Biller, only that this must be integrated with a transmission device that in turn generates electronic invoicing; These embeddable devices are currently in an admission process.