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Panama Tax Information

7% ITBMS

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

Personal Trainer Services to Invoice

  • Personal training sessions
  • Group training
  • Online coaching
  • Nutrition guidance
  • Program design
  • Fitness assessments
  • Virtual training

Invoice Requirements in Panama

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

Payment Terms

Packages paid upfront. Monthly memberships billed in advance.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Personal Trainer Invoice Tips

  • Specify session count
  • Include package details
  • Note session duration
  • Reference training goals
  • Track completed sessions

Frequently Asked Questions

What tax rate applies to personal trainer 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 personal trainers in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Packages paid upfront. Monthly memberships billed in advance.

What should personal trainer invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For personal trainer services specifically, also include: Personal training sessions, Group training, Online coaching.

How should personal trainers price their services?

Per session ($50-$150+) or discounted packages. Consider location, experience, and specialization.

Should trainers offer packages?

Yes, packages improve client commitment and your cash flow. Offer 10, 20, or monthly packages.

What is Panama's ITBMS rate?

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