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Panama Tax Information

7% ITBMS

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

Social Media Manager Services to Invoice

  • Content creation
  • Posting & scheduling
  • Community management
  • Paid ads management
  • Analytics reporting
  • Strategy development
  • Influencer outreach

Invoice Requirements in Panama

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

Payment Terms

Monthly retainer paid in advance. Ad spend passed through separately.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Social Media Manager Invoice Tips

  • Specify platforms managed
  • Include number of posts
  • Document ad spend separately
  • Reference engagement metrics
  • Note content calendar delivery

Frequently Asked Questions

What tax rate applies to social media manager 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 social media managers in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Monthly retainer paid in advance. Ad spend passed through separately.

What should social media manager invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For social media manager services specifically, also include: Content creation, Posting & scheduling, Community management.

How should social media managers price their services?

Monthly packages based on platforms, posting frequency, and services included. Typically $500-$5,000+/month.

Should ad spend be on the invoice?

List ad spend separately from management fees. Either pass through or have client pay platforms directly.

What is Panama's ITBMS rate?

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