Illustrator Invoice Generator for Panama
Create professional illustrator invoices for clients in Panama. This free invoice generator combines illustrator-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.
Illustrator Services to Invoice
- Editorial illustration
- Book illustration
- Character design
- Concept art
- Pattern design
- Icon illustration
- Infographics
Invoice Requirements in Panama
Payment Terms
50% deposit, 50% on delivery. Licensing fees may be separate from creation fees.
Payment Methods in Panama
Illustrator Invoice Tips
- Specify number of illustrations
- Include complexity level
- Note licensing terms
- Reference style/mood boards
- Document revision rounds
Frequently Asked Questions
What tax rate applies to illustrator 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 illustrators in Panama?
Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. 50% deposit, 50% on delivery. Licensing fees may be separate from creation fees.
What should illustrator invoices include in Panama?
Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For illustrator services specifically, also include: Editorial illustration, Book illustration, Character design.
How should illustrators price their work?
Based on complexity, usage rights, and client type. Editorial rates differ from commercial.
What licensing terms should illustrators specify?
Define usage (print, digital, merchandise), duration, and exclusivity.
What is Panama's ITBMS rate?
Panama applies 7% ITBMS on most goods and services. Higher rates for alcohol, tobacco, hotels. Exports exempt.