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DGI prohibits the usage of pre-accounts as a substitute for invoices

21 December 2023
Panama

Penalties for this type of sanction can range from PAB 5.000 to PAB 10.000 (Ca. EUR 4 500 – 9 000) and temporary closure of the establishment in case of repeating the bad practice.   In the event of repeating this practice for a second time, sanctions can range between PAB 10.000 to PAB 25.000 (Ca. EUR 9 000 – 22 500), together with the temporary closure of the establishment.   The sanctions stated in the resolution entered into force on 15 December 2023.