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Panama Tax Information

7% ITBMS

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

Wellness Coach Services to Invoice

  • Wellness assessment
  • Coaching session
  • Group challenge
  • Workshop facilitation
  • Resource curation
  • Accountability check-in
  • Corporate program

Invoice Requirements in Panama

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

Payment Terms

Monthly retainer or package paid upfront. Corporate 50% deposit.

Contado15 días30 díasCrédito

Payment Methods in Panama

Bank TransferBanco GeneralBanistmoCredit CardCash USD

Wellness Coach Invoice Tips

  • Reference goals
  • Include session notes
  • Note resources provided
  • Document progress
  • Track package usage

Frequently Asked Questions

What tax rate applies to wellness coach 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 wellness coachs in Panama?

Common payment methods in Panama include: Bank Transfer, Banco General, Banistmo, Credit Card, Cash USD. Monthly retainer or package paid upfront. Corporate 50% deposit.

What should wellness coach invoices include in Panama?

Your invoice should include: RUC number, DGI registration, Client RUC, Invoice number. For wellness coach services specifically, also include: Wellness assessment, Coaching session, Group challenge.

How to structure packages?

3 or 6-month commitments. Monthly auto-pay or paid in full discount.

Corporate wellness pricing?

Per-employee per-month or flat program fee. Include materials.

What is Panama's ITBMS rate?

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