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Panama Tax Information

7% ITBMS

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

Landscaper Services to Invoice

  • Lawn mowing
  • Landscape design
  • Plant installation
  • Irrigation systems
  • Hardscaping
  • Tree service
  • Seasonal cleanup

Invoice Requirements in Panama

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

Payment Terms

Regular maintenance billed monthly. Projects use progress payments.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Landscaper Invoice Tips

  • Specify service area size
  • Include materials planted
  • Note visit frequency
  • Reference design plans
  • Document seasonal services

Frequently Asked Questions

What tax rate applies to landscaper 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 landscapers in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Regular maintenance billed monthly. Projects use progress payments.

What should landscaper invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For landscaper services specifically, also include: Lawn mowing, Landscape design, Plant installation.

How should landscapers price maintenance?

Monthly or per-visit pricing based on property size. Offer package discounts.

What should landscaping invoices include?

Services performed, materials used, property address, and next service date.

What is Panama's ITBMS rate?

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