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Panama Tax Information

7% ITBMS

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

UI/UX Designer Services to Invoice

  • User research
  • Wireframing
  • Prototyping
  • UI design
  • UX audit
  • Design systems
  • Usability testing

Invoice Requirements in Panama

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

Payment Terms

50% deposit to start, 50% on delivery. Milestone payments for larger projects.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

UI/UX Designer Invoice Tips

  • Detail deliverables clearly
  • Include revision rounds
  • Specify file formats
  • Reference design tools used
  • Note handoff documentation

Frequently Asked Questions

What tax rate applies to ui/ux designer 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 ui/ux designers in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. 50% deposit to start, 50% on delivery. Milestone payments for larger projects.

What should ui/ux designer invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For ui/ux designer services specifically, also include: User research, Wireframing, Prototyping.

How should UI/UX designers price their work?

Price based on project scope, complexity, and deliverables. Consider value-based pricing for high-impact projects.

What should be included in design invoices?

List all deliverables: wireframes, prototypes, design files, documentation, and any research reports.

What is Panama's ITBMS rate?

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