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Panama Tax Information

7% ITBMS

ITBMS is 7% (10% for alcohol/tobacco). No income tax on foreign income. RUC required.

Career Coach Services to Invoice

  • Resume review
  • LinkedIn optimization
  • Interview coaching
  • Salary negotiation
  • Career transition
  • Executive coaching
  • Job search strategy

Invoice Requirements in Panama

RUC number
DGI registration
Client RUC
Invoice number
ITBMS (7%)
Total in PAB/USD

Payment Terms

Package-based with payment plan option. Resume services paid upfront.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Career Coach Invoice Tips

  • Specify deliverables
  • Include session count
  • Note materials provided
  • Reference timeline
  • Track placement success

Frequently Asked Questions

What tax rate applies to career coach invoices in Panama?

Panama has 7% ITBMS. ITBMS is 7% (10% for alcohol/tobacco). No income tax on foreign income. RUC required.

What payment methods are common for career coachs in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Package-based with payment plan option. Resume services paid upfront.

What should career coach invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For career coach services specifically, also include: Resume review, LinkedIn optimization, Interview coaching.

Career coaching pricing?

Packages $500-5000+ depending on scope. Executive coaching premium pricing.

Success-based fees?

Optional bonus for job placement. 5-10% of first-year salary increase or signing bonus.

What is Panama's ITBMS rate?

Panama applies 7% ITBMS on most goods and services. Higher rates for alcohol, tobacco, hotels. Exports exempt.