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Panama has implemented a structured e-invoicing system to improve tax transparency, combat fraud, and enhance financial efficiency. The government’s e-invoicing model integrates real-time tax validation, ensuring compliance for businesses and government suppliers.
Regulatory authority
The General Directorate of Revenue (DGI) oversees e-invoicing in Panama.
E-invoicing requirements
Since 2022, e-invoicing has been mandatory for certain businesses. The government has set a timeline to gradually expand adoption to all businesses by 2024.
Accepted invoice formats
Invoices must be issued in DGI XML format.
Transmission channels
Invoices must be submitted via Panama’s e-invoicing system, Factura Electrónica.
Digital signatures
Digital signatures are mandatory for invoice validation.
Archiving requirements
Invoices must be archived for five years, ensuring compliance with tax regulations.
How B2B e-invoicing works in Panama
Businesses generate invoices in DGI XML format and submit them via the Factura Electrónica platform for validation.
How B2G e-invoicing works in Panama
Invoices must be submitted through the Factura Electrónica platform, validated by public authorities, and archived for five years.
Ready to get started?
Schedule a consultation to explore the benefits of e-invoicing.
