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February 17, 2023

Panama’s Tax Authority publishes resolution that modifies Service Rendering and Sales Report for VAT purposes

  • To help taxpayers comply with their obligations regarding this Form, the Tax Authority introduced improvements through the Resolution.

On 6 February 2023, Panama’s Tax Authority issued Resolution No. 201-1139, which modifies the Service Rendering and Sales Report (Form No. 1027), applicable to taxpayers of Value Added Tax (VAT) in Panama (in Spanish, Impuesto de Transferencia de Bienes Corporales Muebles y la Prestación de Servicios – ITBMS). 

To help taxpayers comply with their obligations regarding this Form, the Tax Authority introduced the following amendments (improvements) through the Resolution:

  • Approval and adoption of a simplified compliance method for all taxpayers that must submit the Form 1027.

  • Elimination of the traditional submission method of Form 1027 for taxpayers who have the electronic invoicing system.

  • Taxpayers who adopt the simplified method through this Resolution will automatically receive the Service Rendering and Sales Report supporting document (Code 109) every month. This document will include the summary of the sales invoiced in the respective period.

  • The IT department of the Tax Authority will make all the changes necessary in the e-tax 2.0 system and will send all the notifications from the official system email account:, to the taxpayers' email registered in their electronic tax address or Tax ID (in Spanish, Registro Único de Contribuyente – RUC in Spanish).


For additional information with respect to this Alert, please contact the following:

Ernst & Young Limited Corp., Panama City

Ernst & Young LLP (United States), Latin American Business Center, New York

Ernst & Young LLP (United Kingdom), Latin American Business Center, London

Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific


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