Consulting Invoice Generator for Panama
Create professional consulting invoices for clients in Panama. This free invoice generator combines consulting-specific billing practices with Panama's tax requirements (7% ITBMS) and preferred payment methods like Bank Transfer and Banco General.
Free, no registration required. Your data stays in your browser.
Panama Tax Information
ITBMS is 7% (10% for alcohol/tobacco). No income tax on foreign income. RUC required.
Consulting Services to Invoice
- Strategy consulting
- Management consulting
- Advisory services
- Workshop facilitation
- Retainer arrangements
- Project consulting
Invoice Requirements in Panama
Payment Terms
Net 30 is standard. Milestone payments for large engagements.
Payment Methods in Panama
Consulting Invoice Tips
- Include professional credentials
- Break down phases clearly
- Document deliverables
- Consider value-based pricing
- Reference engagement letter
Frequently Asked Questions
What tax rate applies to consulting 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 consultings in Panama?
Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Net 30 is standard. Milestone payments for large engagements.
What should consulting invoices include in Panama?
Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For consulting services specifically, also include: Strategy consulting, Management consulting, Advisory services.
How should consultants structure invoices?
Include engagement reference, billing period, hours or deliverables, expenses, and payment terms.
Should consultants charge for travel?
Yes, charge 50% of hourly rate for travel or include in project fee. State policy upfront.
What is Panama's ITBMS rate?
Panama applies 7% ITBMS on most goods and services. Higher rates for alcohol, tobacco, hotels. Exports exempt.