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Panama Tax Information

7% ITBMS

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

Podcast Producer Services to Invoice

  • Audio editing
  • Mixing & mastering
  • Show notes
  • Transcription
  • Publishing
  • Guest coordination
  • Strategy consulting

Invoice Requirements in Panama

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

Payment Terms

Monthly retainer for ongoing production. Per-episode pricing for one-offs.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Podcast Producer Invoice Tips

  • Specify episode length
  • Include deliverables list
  • Note turnaround time
  • Reference episode numbers
  • Document platform publishing

Frequently Asked Questions

What tax rate applies to podcast producer 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 podcast producers in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Monthly retainer for ongoing production. Per-episode pricing for one-offs.

What should podcast producer invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For podcast producer services specifically, also include: Audio editing, Mixing & mastering, Show notes.

How should podcast producers price their services?

Per episode ($50-$500+) or monthly retainer. Factor in editing complexity and additional services.

What should podcast invoices include?

Episode count, services per episode, turnaround time, and any additional deliverables.

What is Panama's ITBMS rate?

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