Is cifraHQ certified by the DGI for electronic invoicing in Panama?

Yes. cifraHQ is certified as a PAC (Authorized Receipt Provider) by Panama's Dirección General de Ingresos (DGI). It issues, signs and transmits electronic invoices in real time in compliance with Law 256 of 2021, with no additional configuration.

Which Panamanian tax obligations does cifraHQ handle automatically?

cifraHQ natively handles: DGI electronic invoicing, ITBMS (50% and 100% withholding), Form 430, CSS/SE/MITRADEL payroll, employee income tax, Décimo Tercer Mes (three installments: April, August and December) and the Seniority Premium. All kept up to date with current Panamanian legislation.

How much does it cost to implement an ERP in Panama?

The cost of an ERP in Panama varies by company size and the modules required. cifraHQ operates on annual contracts per concurrent user, with no investment in servers or local infrastructure. Implementation is delivered by certified partners in Panama. Request a demo to receive a tailored proposal based on your company's needs.

How long does an ERP implementation take in Panama?

A standard cifraHQ implementation in Panama takes between 30 and 90 days depending on complexity and the modules activated. The electronic invoicing and accounting modules can be ready in 2 to 4 weeks. Implementation is delivered by certified partners with experience in the Panamanian market.

Does cifraHQ work for companies with multiple legal entities in Panama?

Yes. cifraHQ supports multi-entity management with consolidated financial statements under IFRS, independent electronic invoicing per entity and a single login to administer all companies. Ideal for business groups and holdings in Panama.

ERP Software for Panama Businesses

A Nation that Connects the World

Where two oceans, two continents and every economy meet.

More than a century ago, Panama chose to join the Atlantic with the Pacific. It has never stopped building since.

The Panama Canal moves more than 5% of the world's maritime trade. Grain from the Midwest, copper from Chile, cars from Asia and coffee from Central America all pass through here. Every day, close to 40 vessels cross an 80-kilometer isthmus that changed the geography of trade forever.

But Panama is not just a canal. It is the largest banking center in Latin America, home to the Colon Free Zone -the world's second-largest free trade zone-, the air hub of the Americas at Tocumen, a dollarized, investment-grade economy, and a country that has grown faster on average than any other in the region over the past two decades.

Behind every ship, every flight, every container are Panamanian companies that import, manufacture, distribute, sell, export, hire, run payroll, file taxes, consolidate multiple entities and report to the DGI every month. Those companies need real software. Software built for Panama. Software built in Panama.

of the world's maritime trade passes through the Panama Canal. Every day. Every year. For more than 110 years.

14,000+ Canal transits per year
2 oceans connected - Atlantic and Pacific
180+ maritime routes connected
Tocumen - hub for 90+ destinations
80+ international banks in Panama City

The Panamanian Mega Economy

The most dynamic economic engine in Latin America.

Panama is not a small market. It is the largest economy in Central America, the most dollarized in the hemisphere and the fastest growing over the past twenty years.

$83B+

Nominal GDP

The largest economy in Central America and the Spanish-speaking Caribbean.

5%+

Average growth

Sustained annual GDP growth over the past two decades - a regional record.

80+

International banks

Panama's International Banking Center - more than $130B in assets.

$30B+

Re-exports

Moved each year through the Colon Free Zone - the world's second-largest.

USD

Dollarized economy

US dollar as legal tender alongside the Balboa since 1904.

BBB

Investment grade

A sovereign rating that opens access to global capital at competitive costs.

17M

Tocumen passengers

Air hub of the hemisphere - Copa Airlines connects all of the Americas.

2nd

Logistics hub of the hemisphere

Behind Miami - and gaining fast thanks to the Canal and its connectivity.

A Vision Built in Concrete

Panama doesn't stop.

Every decade brings a project that puts the country back on the global map. And behind every megaproject are thousands of Panamanian companies that need software that scales with them.

$5.25B

Canal Expansion (2016)

A third set of locks that doubled capacity. Neopanamax ships of 14,000 TEUs now transit the Canal.

$2.6B+

Panama Metro - Lines 1, 2, 3

Central America's first metro network. The Line 3 monorail to West Panama crosses the Canal over the fourth bridge.

$1.4B

Fourth Bridge over the Canal

The first combined road and metro bridge to cross the Canal - a new era for West Panama.

Multi-billion

Panama-David-Border Railway

A passenger and freight railway that will connect the capital with Chiriquí and the Costa Rica border.

$1B+

Tocumen Expansion - Terminal 2

The air hub of the Americas doubled capacity to more than 30 million passengers per year.

Mega

Amador Convention Center

The largest in Central America - consolidating MICE tourism, trade shows and international commerce.

Ongoing

Urban renewal

Costa del Este, Punta Pacífica, Calle 50, Casco Antiguo - the Panama City skyline never stops growing.

Strategic

Ports on both oceans

Balboa, Cristóbal, MIT, PSA Panamá, Colón Container Terminal - Panama is one of the few countries with world-class ports on both of its coasts.

Innovation

Digital and data hub

Connected to 8 international submarine cables. Data centers. And the next wave: Panama as a fintech and blockchain hub.

The Challenge: Software that Understands Panama

Generic ERPs fail in Panama.

The big global platforms don't speak DGI. They don't know the Décimo. They don't calculate ITBMS withholding at 50% or 100%. They don't generate SIPE, Form 03, Form 430 or Form 4331. They have no idea what the Seniority Premium is. That's why Panama needs an ERP built here.

That's why we publish the guide to the best ERP for mid-market companies in Panama 2026, the guide for foreign owners with operations in Panama, the guide to Panama as a global distribution hub, the 6 free compliance calculators, and detailed comparisons against QuickBooks, Odoo and Softland.

Law 256 - 2021

Mandatory electronic invoicing

CUFE generated by a Qualified Authorized Provider (PAC), transmitted to the DGI before delivery of the good or service.

DGI

Monthly Form 430

Purchase and Sales Report. Generated automatically from ERP transactions - ready to upload to the e-Tax portal.

DGI · NEW

Form 4331 - ITBMS Withholding

Sworn ITBMS Withholding Declaration for Large Buyers (B/.3M+) and payments abroad. Automatic 50%/100% withholding, supplier certificates and e-Tax 2.0 format before the 15th. Learn more

DGI

ITBMS 7% + withholding

Automatic calculation of ITBMS, ITBMS 10%/15%, and 50% and 100% withholding in specific sectors. Exemptions managed by catalog.

CSS · Law 51 / 2005

Employee-Employer Contributions

CSS 9.75% employee / 12.25% employer, SE 1.25% / 1.50%, Décimo 7.25% CSS only. Automatic calculation with a live rate table.

Decree 19 - 1973

Décimo Tercer Mes

Three annual installments -April 15, August 15, December 15- calculated on quarterly accruals. No errors. No manual recalculations.

Labor Code

Seniority Premium

One week of salary for every year worked - accrued month by month and settled with the final settlement when employment ends.

CSS - SIPE

SIPE Payroll XLSX

A 24-column file to upload to the CSS, reconcilable against the system. Generated with a single click.

DGI · ISR

Form 03 - Payroll Income Tax

Payroll income tax withholding with the current 2026 rate table. Ready for e-Tax 2.0.

MITRADEL

Contract Registration

Employment contracts, payrolls and final settlements in MITRADEL format - generated from the HR module.

Banking

ACH Payments

ACH files for the major Panamanian banks - Banistmo, BG, BAC, Banesco, Banco Nacional, Caja de Ahorros.

Multi-entity

IFRS Consolidation and Fixed Assets

Consolidation of financial statements across multiple entities, free zones and currencies - auditable and NIIF/IFRS compliant. Fixed assets with automatic depreciation by useful life - IFRS compliance for companies in Panama.

Free Zones

ZLC, Panama Pacifico, Ciudad del Saber regimes

Specific tax handling for companies operating within special economic zones - no patches, no spreadsheets.

Read Law 256 See Panama Payroll

cifraHQ - Made in Panama

Founded in Panama. Built in Panama. Proven in Panama. Ready for the Americas.

More than seventeen years ago, a team of Panamanians set out to build the ERP that local companies needed and that the big global platforms never managed to deliver. Today, that same software runs in more than one hundred Panamanian companies and has expanded to 33 countries across the Americas and the Caribbean.

But our heart is still where it started: in Panama City. Our engineering, implementation and support team is here. We know the DGI inside out. We know the CSS. We know MITRADEL. And when a law changes, cifraHQ is already updated before most people even hear about it.

Those who build a canal between two oceans can also build software that connects companies with the world. - The cifraHQ Philosophy

About P4 Software Find a Partner

Visit Our Headquarters

PH Leaf Tower

Avenida de los Periodistas

Panama City, Panama

National Motto

«Pro Mundi Beneficio»

For the Benefit of the World

17+

Years

100+

PA Companies

+507-209-6996

Full DGI Compliance

What the Panamanian tax authority requires. Ready from day one.

cifraHQ is the #1 electronic invoicing system in Panama for mid-market companies: direct ETAX integration via WebPOS, with no external portals and no manual steps.

DGI Electronic Invoicing

Certified for Panama's electronic invoicing requirements. Generate, transmit and archive digital invoices with automatic DGI validation via an authorized PAC. As inventory and invoicing software for Panama, cifraHQ integrates warehouse, purchasing and DGI in a single system.

Form 430

Automatic generation of Form 430 (Purchase and Sales Report) for DGI tax filings. Ready to upload to the e-Tax 2.0 portal every month.

NEW

Form 4331

Sworn ITBMS Withholding Declaration for Large Buyers and payments abroad. 50%/100% withholding, supplier certificates and e-Tax 2.0 export.

ITBMS and Withholding

Automatic calculation of ITBMS 7%, 50%/100% withholding, and exemptions by product and service under current Panamanian law.

Electronic Invoicing Panama Cloud Accounting Panama

PANAMA PAYROLL

CSS, MITRADEL, DGI and Décimo - all in one system.

Process your biweekly payroll in minutes, not days. With automatic calculations, upload-ready files and reports that comply with the law.

CSS and SE Calculations

CSS (9.75% / 12.25%) and Educational Insurance (1.25% / 1.50%) under Law 51/2005 and Law 13/1987. Décimo at 7.25% CSS only.

Décimo Tercer Mes

Three installments (April 15, August 15, December 15) under Decree 19/1973 - calculated from real quarterly accruals.

SIPE · Form 03 · MITRADEL

SIPE XLSX (24 columns), Form 03 (DGI e-Tax 2.0), MITRADEL contract registration and final settlement PDF - all from a single system. The Panama labor settlement is calculated with prorated vacation, seniority premium and prorated décimo at separation.

See Panama Payroll CSS, Income Tax and Decimo in Detail

Press release: cifraHQ unveils PanamaPack 2026, the payroll engine built for Panama →

Why Companies Choose cifraHQ

Created by Panamanians. For Panamanian companies.

Headquartered in Panama City

Our head office is in PH Leaf Tower. Local team, local support, local expertise. When you call, you reach someone who knows Panama.

Support in Spanish and English

A bilingual team for local companies and multinationals. Documentation, training and support in both languages - at no extra charge.

USD and Balboa Support

Native multi-currency for USD, PAB and any additional currency. Correct handling of Panama's dollarization with no accounting workarounds.

Free Zone Ready

Colon Free Zone, Panama Pacifico, Ciudad del Saber, Multinational Company Headquarters (SEM) - native tax handling, not patches.

Always Current with the Law

When the DGI changes a form or the CSS issues a resolution, cifraHQ is already updated. No extras. No waiting. No surprises.

100% in the Cloud

No servers to maintain, no manual updates, no local infrastructure. Access from anywhere - Panama City, David, or the other side of the world.

ERP software built in Panama. Made for the Americas.

Where two oceans, two continents and every economy meet.

The skyline that never stops growing.

The most dynamic economic engine in Latin America.

Panama doesn't stop.

Canal Expansion (2016)

Panama Metro - Lines 1, 2, 3

Fourth Bridge over the Canal

Panama-David-Border Railway

Tocumen Expansion - Terminal 2

Amador Convention Center

Urban renewal

Ports on both oceans

Digital and data hub

Generic ERPs fail in Panama.

Mandatory electronic invoicing

Monthly Form 430

Form 4331 - ITBMS Withholding

ITBMS 7% + withholding

Employee-Employer Contributions

Décimo Tercer Mes

Seniority Premium

SIPE Payroll XLSX

Form 03 - Payroll Income Tax

Contract Registration

ACH Payments

IFRS Consolidation and Fixed Assets

ZLC, Panama Pacifico, Ciudad del Saber regimes

Founded in Panama. Built in Panama. Proven in Panama. Ready for the Americas.

Visit Our Headquarters

What the Panamanian tax authority requires. Ready from day one.

DGI Electronic Invoicing

Form 430

Form 4331

ITBMS and Withholding

CSS, MITRADEL, DGI and Décimo - all in one system.

CSS and SE Calculations

Décimo Tercer Mes

SIPE · Form 03 · MITRADEL

From the free zone to the family table.

Manufacturing

Distribution

Retail and POS

Hospitality

Multi-Entity

Logistics

Agribusiness

Services and Holdings

Created by Panamanians. For Panamanian companies.

Headquartered in Panama City

Support in Spanish and English

USD and Balboa Support

Free Zone Ready

Always Current with the Law

100% in the Cloud

Panamanian companies in every province trust cifraHQ.

Resources for Panamanian Companies

Panama Payroll

Electronic Invoicing

Tax Compliance

Everything you need to operate in Panama

Panama Calculators

2026 Buyer's Guide

CUFE Guide - Electronic Invoice

DGI Form 430

SIPE CSS Payroll

2026 Tax Calendar

The ERP Guide for Panama

ERP Comparisons

Best ERP Panama 2026

The Panama ERP for your industry

Manufacturing

Distribution

Retail

Hospitality

ERP with native DGI Panama electronic invoicing

What your implementation includes

Ready to modernize your company with an ERP built for Panama?

Neighboring countries