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Panama Tax Information

7% ITBMS

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

Graphic Designer Services to Invoice

  • Logo design
  • Brand identity
  • Print design
  • Packaging design
  • Social media graphics
  • Illustration
  • Icon design

Invoice Requirements in Panama

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

Payment Terms

50% deposit to start, 50% on delivery. Retain files until final payment.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Graphic Designer Invoice Tips

  • Include project scope
  • Specify file formats
  • Detail revision rounds
  • Reference design brief
  • List licensing terms

Frequently Asked Questions

What tax rate applies to graphic designer 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 graphic designers in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. 50% deposit to start, 50% on delivery. Retain files until final payment.

What should graphic designer invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For graphic designer services specifically, also include: Logo design, Brand identity, Print design.

How do graphic designers price their work?

Price based on complexity, usage rights, and experience. Consider value-based pricing for logos.

Should designers charge for revisions?

Include 2-3 rounds in your quote. Additional revisions billed hourly.

What is Panama's ITBMS rate?

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