The General Administration of Revenue (DGI) extended, once again, obligation of resident agents to submit an affidavit of accounting records for the years 2021 and 2022, which expired next Sunday, December 31.
Through Resolution no. 201-10858 from December 26, 2023DGI has given resident agents a new deadline of March 31, 2024 to fulfill this obligation.
These deadlines are approved because they still exist the implementation of the necessary mechanisms has not been completed perform the stated obligation.
Also It is part of a series of processes that, among other things, include that from 2024 electronic invoicing will be consolidated in Panama, which includes liberal arts.
According to DGI information, since October 22% of the register entered in the Unified Register of Taxpayers (RUC) uses an electronic invoicegenerating 217 million electronic documents.
They are reflected $913 million in Personal Property and Services Transfer Tax (ITBMS)according to DGI data.
The Law 52 of 27.10.2016 determines the obligation to keep accounting records for certain legal entities.
On the other side, Law 254 of November 11, 2021 determines the deadlines for the delivery of accounting records by the legal entity to the resident agent and the statement under oath that the latter must make before the DGI.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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