Panamanian VAT returns

Panamanian VAT returns are due on a monthly basis. For incorporated businesses, they should be submitted by the 15^th of the month following the reporting period. Any VAT due should be paid at the same time, and may be settled in either US$ or local PAB.

Filings are paper or online. The latter requires a separate application process to gain a NIT ID.

Non-resident businesses may not reclaim Panamanian VAT incurred unless they are VAT registered.