Cloud Accounting Software for Panama
ERP built for Panamanian businesses: DGI chart of accounts, ITBMS automation, CSS compliance, and native integration with FacturaHQ e-invoicing.
Panama-specific requirements
Panama uses the US dollar as de facto currency and the balboa for government transactions. DGI (Dirección General de Ingresos) manages fiscal matters including ITBMS (the VAT-equivalent), ISC (selective consumption), and corporate income tax. The CSS (Caja de Seguro Social) handles payroll compliance.
CifraHQ capabilities for Panama
- DGI-accepted chart of accounts
- Automated ITBMS calculation (7% general + special rates)
- ISC for alcohol, tobacco, and fuel
- CSS payroll integration
- Multi-currency (USD operational, balboa for fiscal where applicable)
- Native FacturaHQ e-invoicing integration
- Patente comercial and annual tax compliance