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Panama e-Invoicing

Updated 29 July 2025

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  • Key facts
  • Timeline
  • Tax & Compliance
  • Formats
  • Penalties
  • FAQ

Panama runs a phased mandatory e-invoicing regime through the SFEP system operated by the Dirección General de Ingresos, in force since 2022. Issuance is mandatory for all supplies to public bodies, while B2B and B2C transactions are brought into scope progressively, using XML and a PDF visualisation with QR.

Panama e-Invoicing Overview

B2B
phased
since 1 January 2022
Phased mandatory issuance of electronic invoices through the Sistema de Facturación Electrónica de Panamá (SFEP) operated by the Dirección General de Ingresos (DGI) under Law 256 of 26 November 2021 , Decreto 766/2020 and Decreto 25 of 27 June 2022 , updated by Resolution 201-6299 of 29 July 2025 .
B2G
mandatory
since 1 January 2022
Mandatory issuance of SFEP electronic invoices for all supplies to public bodies, in line with Law 256 of 2021 .
B2C
phased
since 1 January 2022
Phased mandatory issuance of SFEP electronic invoices for B2C transactions in scope of the rollout, with consumer-side QR verification supported by the DGI; remaining categories continue under the existing impresoras fiscales regime.

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Implementation Timeline(4 events)

Key mandate dates. Select a date for detail, or show all updates below.

Decreto 766/2020 Adopts SFEP Framework
29 December 2020
Legislative
Panama adopted Decreto 766/2020 formalising the Sistema de Facturación Electrónica de Panamá (SFEP) as a centralized clearance model administered by the DGI of the Ministry of Economy and Finance .
Law 256 of 2021 Establishes Mandatory e-Invoicing
26 November 2021
Legislative
Law 256 of 26 November 2021 established mandatory issuance of electronic invoices through the SFEP for taxpayers in scope of phased adoption.
Decreto 25/2022 Refines SFEP Rules
27 June 2022
Legislative
Decreto 25 of 27 June 2022 updated procedural rules for SFEP issuance, including obligations of authorized PACs and qualified emitters .
Resolution 201-6299/2025 Updates SFEP Technical Rules
29 July 2025
Technical
DGI issued Resolution 201-6299 of 29 July 2025 updating technical and procedural rules for SFEP and refining the rollout schedule, with reference materials accessible from the DGI legal base and the SFEP pilot environment .

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Compliance Regime

CTC Model
Clearance
Centralized clearance via Proveedor de Autorización Calificado (PAC) or qualified self-emission: each invoice (Factura Electrónica) is signed, validated by the SFEP/DGI infrastructure, and only delivered to the buyer once the CUFE authorization code is returned.
Network
Clearance
Standards
DGI SFEP standard

Record-keeping & Reporting

Archiving
5 years retention required by the Tax Code; XML and authorization responses archived by supplier and SFEP/DGI

Technical Formats

XML (SFEP schema)
PDF visualization with QR

Penalties

Failure to Issue or Clear SFEP Invoice
Failure to issue or clear an SFEP electronic invoice when required by Law 256 of 2021 attracts financial penalties under the Tax Code, with denial of input VAT deduction for the buyer.

Official Sources

  • dgi-fep.mef.gob.paOfficial site
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Related Countries

  • El SalvadorPhased
  • HondurasPhased
  • BelizePlanned
  • CanadaVoluntary

Frequently asked questions about e-Invoicing in Panama

Yes, e-Invoicing is mandatory in Panama for B2G (since 2022-01-01) transactions.

B2B e-Invoicing in Panama is in a phased rollout since 2022-01-01. Phased mandatory issuance of electronic invoices through the Sistema de Facturación Electrónica de Panamá (SFEP) operated by the Dirección General de Ingresos (DGI) under Law 256 of 26 November 2021 , Decreto 766/2020 and Decreto 25 of 27 June 2022 , updated by Resolution 201-6299 of 29 July 2025 .

B2G e-Invoicing in Panama is mandatory since 2022-01-01. Mandatory issuance of SFEP electronic invoices for all supplies to public bodies, in line with Law 256 of 2021 .

Panama supports the following e-Invoice formats: XML (SFEP schema), PDF visualization with QR.

Panama uses the following e-Invoicing standards: DGI SFEP standard. Archiving requirement: 5 years retention required by the Tax Code; XML and authorization responses archived by supplier and SFEP/DGI.

Centralized clearance via Proveedor de Autorización Calificado (PAC) or qualified self-emission: each invoice (Factura Electrónica) is signed, validated by the SFEP/DGI infrastructure, and only delivered to the buyer once the CUFE authorization code is returned.

Panama has penalties for e-Invoicing non-compliance. Failure to Issue or Clear SFEP Invoice: Failure to issue or clear an SFEP electronic invoice when required by Law 256 of 2021 attracts financial penalties under the Tax Code, with denial of input VAT deduction for the buyer.

B2C e-Invoicing in Panama is in a phased rollout since 2022-01-01. Phased mandatory issuance of SFEP electronic invoices for B2C transactions in scope of the rollout, with consumer-side QR verification supported by the DGI; remaining categories continue under the existing impresoras fiscales regime.