🇵🇦Panama tax deadlines

Panama Tax & Filing Deadlines

Every Panama statutory deadline a founder needs to know. Penalties, checklists and source links to Dirección General de Ingresos (DGI), Ministry of Economy and Finance (MEF) and Registro Público de Panamá.

Income Tax Return (Declaración Jurada de Renta)

31 March following the calendar year-end for legal entities. A one-month extension can be requested before the original deadline.

Annual ISR return for legal entities with a calendar-year end, filed through the DGI e-Tax 2.0 portal. Individuals file earlier, by 15 March.

Monthly ITBMS Return (Formulario 430)

15th of the month following the reporting period. There is no grace period.

Monthly ITBMS return filed through e-Tax 2.0 by ITBMS-registered businesses, due on the 15th of the month after the reporting period.

ITBMS Registration

Register once monthly turnover exceeds US$3,000 or annual turnover exceeds US$36,000.

A business must register as an ITBMS taxpayer with the DGI once its turnover passes the registration threshold.

Tasa Única (Annual Franchise Tax)

15 July if incorporated between January and June. 15 January if incorporated between July and December.

Annual flat franchise tax of US$300 owed by every Panamanian corporation and private interest foundation, paid to the Registro Público and not the DGI.

Estimated Income Tax Prepayments

Quarterly. Confirm the exact due dates for your company in e-Tax 2.0 or with a contador público autorizado, as mechanics vary by taxpayer category.

Panamanian companies subject to income tax generally make quarterly estimated prepayments toward the following year's liability, with the balance settled on the annual return.

Monthly CSS Contributions (SIPE)

Monthly. Confirm the exact remittance deadline on css.gob.pa, as it runs on a separate calendar from ITBMS and ISR.

Employers register employees and remit CSS contributions, both employer and employee shares, each month through the SIPE electronic payment system.

Income Tax Withholding on Salaries

Monthly. Confirm the exact remittance deadline with the DGI, as it is separate from the ITBMS and ISR calendars.

Income tax withheld from employee salaries (retención en la fuente) is remitted to the DGI, separately from CSS contributions.

Décimo Tercer Mes Payments

15 April, 15 August and 15 December.

The mandatory 13th-month payment equals one month's salary and is paid in three equal instalments each year.

Back to AccountsOS Panama