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Panama Tax Information

7% ITBMS

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

Online Course Creator Services to Invoice

  • Course sales
  • Membership access
  • Coaching add-ons
  • Course bundles
  • Certification fees
  • Live workshops
  • Community access

Invoice Requirements in Panama

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

Payment Terms

Full payment for course access. Payment plans available for higher-priced programs.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Online Course Creator Invoice Tips

  • Reference course name
  • Include access period
  • Note payment plan terms
  • Document bonuses included
  • Specify refund policy

Frequently Asked Questions

What tax rate applies to online course creator 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 online course creators in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Full payment for course access. Payment plans available for higher-priced programs.

What should online course creator invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For online course creator services specifically, also include: Course sales, Membership access, Coaching add-ons.

How should course creators invoice?

Include course name, access period, any bonuses, and payment plan details if applicable.

How to handle payment plans?

Invoice each installment separately with clear due dates and remaining balance.

What is Panama's ITBMS rate?

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