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Panama will implement delegated clearance as a CTC model

28 May 2021
Panama

Some large businesses took part in the e-invoicing pilot programme between 2018 and 2019, but new regulations have been introduced since its end.   The new model   The Continuous Transaction Controls (CTC) model is already developed. It will be the same as the model used in countries such as Mexico, Peru and Guatemala. The main particularity of this model is that an e-invoice will be approved or cleared by an Accredited Service Provider (ASP) instead of the Tax Authority.   How will it work?   The taxpayer will have to create an XML file with the electronic certificate and...