Panama’s Tax Authority publishes resolution that modifies Service Rendering and Sales Report for VAT purposes

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EY Global

17 Feb 2023
Subject Tax Alert
Categories Indirect Tax
Jurisdictions Panama
  • To help taxpayers comply with their obligations regarding this Form, the Tax Authority introduced improvements through the Resolution.

On 6 February 2023, Panama’s Tax Authority issued Resolution No. 201-1139, which modifies the Service Rendering and Sales Report (Form No. 1027), applicable to taxpayers of Value Added Tax (VAT) in Panama (in Spanish, Impuesto de Transferencia de Bienes Corporales Muebles y la Prestación de Servicios – ITBMS). 

To help taxpayers comply with their obligations regarding this Form, the Tax Authority introduced the following amendments (improvements) through the Resolution:

  • Approval and adoption of a simplified compliance method for all taxpayers that must submit the Form 1027.

  • Elimination of the traditional submission method of Form 1027 for taxpayers who have the electronic invoicing system.

  • Taxpayers who adopt the simplified method through this Resolution will automatically receive the Service Rendering and Sales Report supporting document (Code 109) every month. This document will include the summary of the sales invoiced in the respective period.

  • The IT department of the Tax Authority will make all the changes necessary in the e-tax 2.0 system and will send all the notifications from the official system email account:, to the taxpayers' email registered in their electronic tax address or Tax ID (in Spanish, Registro Único de Contribuyente – RUC in Spanish).


For additional information with respect to this Alert, please contact the following:

Ernst & Young Limited Corp., Panama City
  • Rafael Sayagues

  • Luis Ocando

  • Carlos Márquez

  • Meitner Gonzalez

Ernst & Young LLP (United States), Latin American Business Center, New York
  • Lucas Moreno

  • Ana Mingramm

  • Pablo Wejcman

  • Enrique Perez Grovas

Ernst & Young LLP (United Kingdom), Latin American Business Center, London
  • Lourdes Libreros
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific
  • Raul Moreno, Tokyo

  • Luis Coronado, Singapore

For a full listing of contacts and email addresses, please click on the Tax News Update: Global Edition (GTNU) version of this Alert.