Under the decree, all taxpayers may issue electronic invoices, provided they receive authorization from the DGI. The Decree sets forth requirements with which taxpayers must comply to issue electronic invoices.
Panama published, in the Official Gazette, Executive Decree No. 115 of 2020 (the Decree), which establishes the regulatory framework for the issuance and use of electronic invoices by companies exempt from the use of fiscal equipment (i.e., devices that collect tax data to submit to the General Directorate of Revenue (DGI for its Spanish acronym)).
Source EY
