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Panama Tax Information

7% ITBMS

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

Home Inspector Services to Invoice

  • Full home inspection
  • Pre-listing inspection
  • New construction
  • Radon testing
  • Mold inspection
  • Termite inspection
  • Pool/spa inspection

Invoice Requirements in Panama

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

Payment Terms

Due at time of inspection. Accept payment before releasing report.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Home Inspector Invoice Tips

  • Include property address
  • Note square footage
  • Reference report delivery
  • Document add-on services
  • Track re-inspection fees

Frequently Asked Questions

What tax rate applies to home inspector 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 home inspectors in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Due at time of inspection. Accept payment before releasing report.

What should home inspector invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For home inspector services specifically, also include: Full home inspection, Pre-listing inspection, New construction.

Inspection pricing?

Based on square footage. $300-600 typical for residential. Add-ons extra.

What add-ons to offer?

Radon ($150), mold ($200-400), sewer scope ($150-300), termite ($75-150).

What is Panama's ITBMS rate?

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