cifraHQ Enterprise
Glossary

DGI compliance

Dirección General de Ingresos — Panama’s tax authority, responsible for ITBMS, income tax, and e-invoicing.

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Definition

Detail

DGI is Panama’s equivalent of Mexico’s SAT or Ecuador’s SRI. It administers national taxes (ITBMS, income tax, dividends, capital gains), manages the RUC (taxpayer registry), operates the e-invoicing system (with CUFE as the unique identifier), and is the counterpart for audits. For an ERP in Panama, integrating with the DGI means: issuing valid electronic vouchers, connecting to the RUC validation service for customers and suppliers, generating monthly (ITBMS) and annual (income) filings, and retaining audit-ready traces for potential review. cifraHQ Enterprise knows the Panamanian fiscal calendar and produces DGI reports so the accountant does not have to assemble them by hand.

Related terms

See also

finance

ITBMS

Tax on the Transfer of Movable Goods and Services — Panama’s VAT equivalent, taxing consumption at a general 7% rate.
finance

Supplier withholding

Mechanism whereby the buyer withholds a portion of the supplier payment and remits it directly to the tax authority.

How does cifraHQ model DGI?

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