Virtual Assistant Invoice Generator for Panama
Create professional virtual assistant invoices for clients in Panama. This free invoice generator combines virtual assistant-specific billing practices with Panama's tax requirements (7% ITBMS) and preferred payment methods like Bank Transfer and Banco General.
Free, no registration required. Your data stays in your browser.
Panama Tax Information
ITBMS is 7% (10% for alcohol/tobacco). No income tax on foreign income. RUC required.
Virtual Assistant Services to Invoice
- Administrative support
- Email management
- Calendar scheduling
- Data entry
- Research
- Customer support
- Social media
Invoice Requirements in Panama
Payment Terms
Retainers paid monthly in advance. Hourly billed bi-weekly or monthly.
Payment Methods in Panama
Virtual Assistant Invoice Tips
- Track hours with descriptions
- Group tasks by category
- Include time tracking report
- Reference retainer hours
- Note overtime
Frequently Asked Questions
What tax rate applies to virtual assistant 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 virtual assistants in Panama?
Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Retainers paid monthly in advance. Hourly billed bi-weekly or monthly.
What should virtual assistant invoices include in Panama?
Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For virtual assistant services specifically, also include: Administrative support, Email management, Calendar scheduling.
How should VAs track and bill time?
Use time tracking software. Provide detailed reports with invoices.
Should VAs offer retainer packages?
Yes, retainers provide stable income. Offer 10, 20, or 40 hour packages.
What is Panama's ITBMS rate?
Panama applies 7% ITBMS on most goods and services. Higher rates for alcohol, tobacco, hotels. Exports exempt.