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02 October 2018 Panama establishes a pilot program for using electronic invoices Panama’s tax authorities issued Resolution No. 201-5784 (31 August 2018), which establishes a pilot program for using electronic invoices. Specifically, the Resolution authorizes certain companies to use electronic invoices and updates the data sheet with the procedures for implementing electronic invoices. Law 51 of 22 July 2008 regulates electronic documents, including the electronic invoice, and establishes the legal requirements with which invoices must comply. The Law also sets forth the terms and conditions established by the tax authorities with which service providers must comply. Additionally, Law 82 of 9 November 2012 modified specific articles of Law 51 to grant electronic documents the same legal effect, validity and equal probative force as the documents mentioned under the Panamanian Judicial Code. The Resolution lists 43 companies that are authorized to use electronic invoices in their operations. Additionally, the Resolution contains the data sheet, which sets forth that the electronic invoices must be issued by following the XML format.
Document ID: 2018-6144 |
