Panama — ERP & Accounting Software
When the company country is Panama, Deevir applies the Panamanian Balboa (PAB), ITBMS at a default 7%, the America/Panama time zone and the +507 phone code in a single step. This page summarises those settings and the country's e-invoicing status.
Local settings
- Currency
- Panamanian Balboa (PAB)
- Tax (default)
- ITBMS 7%
- Date format
- 12/31/2026
- Amount format
- B/. 1,234,567.89
- Time zone
- America/Panama
- Phone code
- +507
- E-invoicing regulation
- No national e-invoicing mandate on record; invoices are issued as PDF.
- Deevir price (from)
- $24.00 / month
- Interface language
- Spanish — available
- Interface language: Spanish
How Deevir works here
The base currency is the Panamanian Balboa (PAB); invoices, cash and bank accounts in foreign currencies live in the same system and reports are converted to the base currency.
ITBMS at 7% is the default rate on sales and purchase documents; reduced rates and exemptions are set per product and tax summaries are prepared automatically.
Invoices are issued as sequentially numbered documents with all mandatory fields. A live connection to the national e-invoicing network is on the roadmap; until then documents are sent as PDF.
Dates are shown as 12/31/2026 and amounts as B/. 1,234,567.89. The interface is available in 23 languages; inventory, accounts, purchasing, production, cash & bank and reporting come in one package.
Frequently asked questions
Can I use Deevir if my company country is Panama?
Yes. Choosing Panama in the setup wizard applies the currency (PAB), ITBMS rate, time zone (America/Panama) and local formats automatically; all of them can be changed later.
What is the default ITBMS rate (country: Panama)?
Deevir's default is 7%. Reduced rates and exemptions are set per product; confirm the exact rate with a local accountant.
Is e-invoicing mandatory (country: Panama)?
No national e-invoicing mandate on record; invoices are issued as PDF. A live national network connection in Deevir is on the roadmap. This is a regulatory summary, not legal advice.
Which currencies can I work with?
The base currency is the Panamanian Balboa (PAB). You can also invoice in other currencies and keep foreign-currency cash and bank accounts.
How do I get started?
Start a free 14-day trial, no credit card required, and pick Panama from the list in the setup wizard.
Countries with the same e-invoicing status
Americas
Deevir by industry
Tax rates and regulatory information are summaries and defaults; confirm with a local accountant before filing.
