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Panama Tax Information

7% ITBMS

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

Copywriter Services to Invoice

  • Website copy
  • Blog posts
  • Email campaigns
  • Ad copy
  • Product descriptions
  • Whitepapers
  • Social media content

Invoice Requirements in Panama

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

Payment Terms

50% deposit for new clients, balance on delivery. Monthly retainers for ongoing content.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Copywriter Invoice Tips

  • Specify word count
  • Include SEO requirements
  • Detail research time
  • Reference content briefs
  • Note revision policy

Frequently Asked Questions

What tax rate applies to copywriter 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 copywriters in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. 50% deposit for new clients, balance on delivery. Monthly retainers for ongoing content.

What should copywriter invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For copywriter services specifically, also include: Website copy, Blog posts, Email campaigns.

How should copywriters price content?

Per word ($0.10-$1.00+), per piece, or hourly. Consider research and complexity.

Should copywriters charge for research?

Yes, include it in your project rate or bill separately for complex topics.

What is Panama's ITBMS rate?

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