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Panama Tax Information

7% ITBMS

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

Roofing Services to Invoice

  • Roof inspection
  • Leak repair
  • Shingle replacement
  • Full reroof
  • Gutter installation
  • Flashing repair
  • Emergency tarping

Invoice Requirements in Panama

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

Payment Terms

Deposit 30-50% to start. Balance on completion. Progress billing for large jobs.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Roofing Invoice Tips

  • Include material specs
  • Note square footage
  • Document before/after photos
  • Reference warranty terms
  • Break down labor/materials

Frequently Asked Questions

What tax rate applies to roofing 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 roofings in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Deposit 30-50% to start. Balance on completion. Progress billing for large jobs.

What should roofing invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For roofing services specifically, also include: Roof inspection, Leak repair, Shingle replacement.

How to price roofing?

Per square (100 sq ft). Materials + labor. $300-700 per square depending on material.

Warranty offered?

Workmanship warranty 5-10 years. Material warranty from manufacturer (20-50 years).

What is Panama's ITBMS rate?

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