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Panama Tax Information

7% ITBMS

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

Speech Therapist Services to Invoice

  • Speech evaluation
  • Language therapy
  • Swallowing therapy
  • Cognitive therapy
  • Voice therapy
  • Parent training
  • School consultation

Invoice Requirements in Panama

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

Payment Terms

Payment due at service. Monthly billing for schools or facilities.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Speech Therapist Invoice Tips

  • Include diagnosis codes
  • Note session duration
  • Reference care plan
  • Document progress
  • Track school visits

Frequently Asked Questions

What tax rate applies to speech therapist 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 speech therapists in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Payment due at service. Monthly billing for schools or facilities.

What should speech therapist invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For speech therapist services specifically, also include: Speech evaluation, Language therapy, Swallowing therapy.

How to bill schools?

Contract rate per hour or per student. Submit monthly invoices with attendance logs.

Home visit travel fees?

Bill travel time or mileage separately if not included in rate.

What is Panama's ITBMS rate?

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