Financial Advisor Invoice Generator for Panama
Create professional financial advisor invoices for clients in Panama. This free invoice generator combines financial advisor-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.
Financial Advisor Services to Invoice
- Financial planning
- Investment advisory
- Retirement planning
- Tax planning
- Estate planning
- Insurance review
- Wealth management
Invoice Requirements in Panama
Payment Terms
Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.
Payment Methods in Panama
Financial Advisor Invoice Tips
- Include advisor registration
- Reference advisory agreement
- Note AUM if applicable
- Document planning deliverables
- Meet compliance requirements
Frequently Asked Questions
What tax rate applies to financial advisor 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 financial advisors in Panama?
Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.
What should financial advisor invoices include in Panama?
Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For financial advisor services specifically, also include: Financial planning, Investment advisory, Retirement planning.
How should financial advisors structure fees?
AUM percentage (0.5-1.5%), flat retainer, hourly, or project-based. Disclose fee structure clearly.
What compliance info should be on invoices?
Advisor registration (CFP, RIA), firm info, and fee disclosure language as required.
What is Panama's ITBMS rate?
Panama applies 7% ITBMS on most goods and services. Higher rates for alcohol, tobacco, hotels. Exports exempt.