Panama Tax Filing Guide 2026
Taxes in Panama are administered by the DGI (Dirección General de Ingresos). Corporate returns are due March 31, personal returns by March 31, and ITBMS returns monthly by the 15th. All filing is done electronically.
Tax Identification Number (RUC)
Every taxpayer in Panama must register with the DGI to obtain a RUC (Registro Único de Contribuyente). This is the taxpayer identification number used for all tax filings, invoices, and correspondence with the tax authority. Registration can be done online through the DGI's e-Tax portal.
Filing Deadlines 2026
- Corporate income tax: Annual return due by March 31 following the tax year. Monthly advance payments required based on prior year's tax.
- Personal income tax: Annual return due by March 31 following the tax year. Applies to individuals with Panama-source income exceeding PAB 11,000.
- ITBMS (VAT): Monthly return due by the 15th of the following month.
- Withholding taxes: Monthly returns within 10 days of month end.
- Capital gains: Within 30 days of the transaction (real estate).
DGI Online Portal
The DGI's e-Tax system is the primary platform for all tax filings. Taxpayers can register, file returns, make payments, view their tax history, and communicate with the DGI through the portal. Payments can be made via bank transfer, credit card, or authorized bank branches.
Penalties for Late Filing
Late filing penalties in Panama are: 10% of the tax due for the first month of delay, plus 2% per additional month (maximum cumulative penalty of 50% of the tax due). Late payment interest also accrues. It is important to file on time or request an extension if needed.