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Panama Tax Information

7% ITBMS

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

Florist Services to Invoice

  • Wedding florals
  • Event centerpieces
  • Bouquets
  • Sympathy arrangements
  • Corporate flowers
  • Installation design
  • Delivery service

Invoice Requirements in Panama

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

Payment Terms

Deposit to book, balance 2 weeks before event. Daily orders paid on delivery.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Florist Invoice Tips

  • Itemize each arrangement
  • Include delivery fees
  • Note installation costs
  • Reference event date
  • Document rental items

Frequently Asked Questions

What tax rate applies to florist 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 florists in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Deposit to book, balance 2 weeks before event. Daily orders paid on delivery.

What should florist invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For florist services specifically, also include: Wedding florals, Event centerpieces, Bouquets.

How should florists price arrangements?

Based on flower cost, design complexity, and labor. Include delivery and installation fees.

What should event floral invoices include?

Each arrangement itemized, rental items, delivery, installation, and breakdown fees.

What is Panama's ITBMS rate?

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