Income Tax Return (Declaración Jurada de Renta)
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.
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Who this applies to
- S. de R.L. and S.A. companies with a calendar-year end
- Companies with an active Aviso de Operación, including those with no income
- Persona jurídica taxpayers registered with the DGI
What to file
The Declaración Jurada de Renta showing net taxable Panama-source income, the 25% ISR calculation and, for gross taxable income over US$1,500,000, the CAIR comparison.
How to file
Online through the DGI e-Tax 2.0 portal. No in-person appointment is needed. Finn prepares the figures and you file in the portal.
Payment due
Finn's Panama rules do not set a separate payment date, so confirm the payment date for your filing in e-Tax 2.0. Quarterly estimated prepayments may already have been made.
Penalties for missing this deadline
Automatic fines apply if a company with an active Aviso de Operación does not file, including a zero-income declaration. Finn's rules do not hold the amount, so check the current figure with the DGI.
Filing checklist
- Close the books for the calendar year
- Separate Panama-source income from foreign-source income
- Check whether gross taxable income exceeds US$1,500,000 and compare the CAIR calculation
- Request the one-month extension before 31 March if it is needed
- File in e-Tax 2.0 and keep the receipt
Documents you'll need
- Trial balance and year-end financial statements
- Income split by Panama-source and foreign-source
- Record of quarterly estimated tax payments
- Payroll records and CSS payment evidence
Common mistakes to avoid
- Treating all income as taxable instead of only Panama-source income
- Not filing a zero-income declaration when the Aviso de Operación is active
- Asking for the extension after 31 March instead of before
- Missing CAIR for a high-turnover, low-margin company
Never miss a Panama deadline
AccountsOS tracks every Dirección General de Ingresos (DGI), Ministry of Economy and Finance (MEF) and Registro Público de Panamá deadline and reminds you weeks ahead.
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