According to Executive Decree No. 115
of January 30, 2020
Law 76 of 1976, in Articles 11 and 12, established the obligation for taxpayers, whether individuals or legal entities, to adopt and use fiscal equipment to document their transfer operations, sales of goods, and provision of services by issuing invoices or equivalent documents:
That by Resolution No. 201-5784 of August 31, 2018, the General Revenue Directorate authorized the use of Electronic Invoicing for companies participating in the pilot program according to the volume or nature of their activities:
That due to the great interest shown by taxpayers in being able to use electronic invoicing and the importance for the General Revenue Directorate of having online information on user transactions, which allows for greater control of taxpayers, it is necessary to issue the regulatory framework for electronic invoicing through a Decree:
The User issuing the Electronic Invoice must comply with the following obligations:
Report the appropriate exception for the use of fiscal equipment.
Have an electronic certificate issued by a certification service provider registered with the National Directorate of Electronic Signatures of the Public Registry of Panama, with which you must sign your electronic documents.
Be duly registered in Panama’s Electronic Invoicing System with the DGI.
Issue the documents according to the specifications set out in the technical data sheet.
Hire the services of at least one Qualified Authorization Provider (QAP) to obtain authorization to use your electronic documents.
Report subsequent events related to an Electronic Invoice.
