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Panama Tax Information

7% ITBMS

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

HVAC Technician Services to Invoice

  • AC repair
  • Heating repair
  • System installation
  • Maintenance service
  • Duct cleaning
  • Thermostat installation
  • Emergency service

Invoice Requirements in Panama

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

Payment Terms

Service calls due on completion. Installations use deposit and balance.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

HVAC Technician Invoice Tips

  • Include contractor license
  • Specify equipment model
  • Note refrigerant used
  • Document warranty terms
  • Reference maintenance plans

Frequently Asked Questions

What tax rate applies to hvac technician 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 hvac technicians in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Service calls due on completion. Installations use deposit and balance.

What should hvac technician invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For hvac technician services specifically, also include: AC repair, Heating repair, System installation.

How should HVAC technicians price services?

Service calls flat rate or hourly. Installations based on equipment and labor.

Should HVAC include parts in pricing?

Yes, itemize parts with markup. Include refrigerant charges where applicable.

What is Panama's ITBMS rate?

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