Executive Branch issues procedure on electronic invoices and electronic signatures
4 junio 2021


On June 2, the Ministry of Economy and Finance of Panama issued Resolution 201-4502, which establishes the procedure for compliance with the obligations of users of Panama’s Electronic Invoice System (SFEP, in Spanish), which may be adopted by individuals and legal entities. The regulation is already in force.

The text establishes that any individual or legal entity requesting the use of the Electronic Invoice before the General Directorate of Revenues must register in the SFEP. To do so, an application form must be completed, which must be accompanied by a couple of documents such as a memorial signed by the legal representative requesting the adoption of the SFEP as an invoicing method.

Once the application is submitted online through the e tax2.0 system, the General Directorate of Revenue will issue a resolution authorizing or rejecting the application within a maximum period of 30 days. Once accepted, individuals or legal entities will have a maximum period of 15 days to start invoicing with this method.

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