Compliance Alert - Updated guidelines on electronic invoicing

Update: Compliance Alert - Updated guidelines on electronic invoicing
Date: 2022-03-09

With Resolution No. 201-0251 of 12 January 2022, the General Directorate of Revenue of Panama (DGI) updated the duties of the e-invoicing system (SFEP) users and the deadlines for non-active users within the pilot plan.

The Resolution entered into force on 1 February 2022. It implies that taxpayers who are not in the pilot plan can voluntarily join the "SFEP" e-invoicing regime.

To do that, they have to notify the DGI. After approval of the notification, taxpayers will be given specific timelines, such as 60, 90 or 120 days to adopt e-invoicing. These timelines depend on the number of invoices issued and taxpayers’ annual gross income.

When switching to e-invoicing, taxpayers will be able to issue electronic invoices through the SFEP website (manually) or via PAC - the accredited service provider performing the clearance function on behalf of the DGI.

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