Validated vs MITRADEL · SIPE Ready · DGI Form 03 · Decreto 19/1973
PAYROLL MODULE

Panama Payroll -- Built to the Letter of the Law

Panama payroll with legal citations: CSS, MITRADEL, Décimo Tercero, ISR, Vacaciones. Automatic GL journal entries at every period close. Made in Panama, with native accounting integration.

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100%
Panama Compliance
CI
MITRADEL Validated
7
Years Retention
cifraHQ Panama Payroll

Complete Payroll -- Every Calculation Cites the Law

CSS, SE, ISR, Décimo, Vacaciones, Liquidación, MITRADEL and DGI -- all within your ERP, in one database.

CSS & SE

Ley 51/2005 Ley 13/1987

Ley 51/2005 (CSS) and Ley 13/1987 (SE). Employee 9.75% + employer 12.25%. SE 1.25% + 1.50%. Décimo contributes only CSS at 7.25%.

ISR Art. 699 CF

Art. 699 Código Fiscal

Annualized monthly withholding with YTD accumulators. Brackets 0% / 15% / 25%. DGI Form 03 (e-Tax 2.0) included.

Décimo Tercer Mes

Decreto 19/1973

Decreto 19/1973. Three partidas (Apr 15, Aug 15, Dec 15). Calculated from quarterly accumulators. CSS only at 7.25%, exempt from SE and ISR.

Vacaciones Arts. 52-82 CT

Arts. 52-82 CT

1 day per 11 days worked. 30/35/40-day policies. Balance tracking. Manager/HR approval workflow. Art. 54.5 validation.

Liquidación Arts. 213, 222-225 CT

Arts. 213, 222-225 CT

Cause matrix: Resignation, Unjustified dismissal (3.4/3.0 wks/yr + 30-day notice), Justified dismissal, Contract expiry, Mutual agreement. 4-step wizard with DocuSign.

Official Reports & Files

SIPE Payroll XLSX (24 columns A-X) + Supplementary, DGI Form 03, MITRADEL contract registration, MITRADEL Finiquito, 90/10 Report (Art. 17).

Employee Portal

My Payslip, My Vacaciones, My Balances, My Constancias (bank/rental/visa), My Form 03, My Loans. Mobile-first, optimized for 360px.

ACH -- 7 Banks

Banco General (fixed width), Banistmo (pipe-delimited), BAC Credomatic, Global Bank, Banco Nacional, Caja de Ahorros, Tel-Red (generic fallback).

Stimulsoft Reports

Bilingual payslip with digital signature, Detailed Planilla, Planilla Summary, self-signed Constancia Laboral (employment letter), Labor Provision (BDO model), Absence Report.

BDO Provisions

Automatic monthly accrual: Décimo (~1.92%), Prima de Antigüedad / seniority premium (~1.92%), Indemnización / severance (~6.54%). Automatic journal entry to the GL.

Complete Legal Compliance

Every statute implemented, every article cited

Ley 51/2005 -- Caja de Seguro Social (CSS)
9.75% employee · 12.25% employer · cotizable wage Art. 42-43 Reglamento
Ley 13/1987 -- Seguro Educativo (SE)
1.25% employee · 1.50% employer
Art. 699 Código Fiscal -- ISR Withholding at Source
Brackets 0% / 15% / 25% · Annualized with YTD · e-Tax 2.0 Form 03
Decreto 19/1973 -- Décimo Tercer Mes
Apr 15 · Aug 15 · Dec 15 · CSS 7.25% only
Arts. 33-36, 49 Código de Trabajo -- Overtime
1.25× daytime · 1.50× nighttime · 1.75× rest day
Arts. 52-82 Código de Trabajo -- Vacaciones (Vacation)
1 day per 11 worked · 30/35/40-day policies · Art. 54.5 minimum block
Arts. 213, 222-225 Código de Trabajo -- Liquidación (Termination)
30-day notice · 3.4/3.0 wks/yr unjustified dismissal · complete cause matrix
Art. 17 Código de Trabajo -- 90/10 Report
Foreign vs national worker ratio · alerts when approaching the limit
Decreto 13/2025 -- Minimum Wage
Updated tables by occupational category · validation when creating contracts

Why cifraHQ, Not Another Standalone Payroll Tool

More than planilla -- payroll inside your ERP

One Database

Payroll and accounting in the same database. Period close = balanced journal entry. No synchronizations, no CSV exports.

Every Calculation Cites the Law

Art. 699 CF, Decreto 19/1973, Arts. 52-82 CT, Arts. 222-225 CT. Your auditors and MITRADEL see the same numbers the system computed.

Validated vs MITRADEL

The platform cross-validates its calculations against the official MITRADEL calculator within B/. 0.10 tolerance.

Multi-Company, 7-Year Retention

Run payroll for all your legal entities. Immutable per-period snapshots retained 7 years with automatic PDF+XML generation.

Why Switch from Payday, PlaniFacil, or TiempoExacto?

Native ERP -- a single database

Payroll and accounting in the same system. No external integrations, no exports to a separate "accounting program".

Native multi-company

Run payroll for all your legal entities in the same environment without switching systems or migrating data.

Statutory citations on every calculation

Art. 699 CF, Decreto 19/1973, Arts. 52-82, 222-225 CT. Each calculator documents the exact article it implements.

Mobile-first employee portal included

My Payslip, My Vacaciones, My Constancias, My Form 03 -- optimized for 360px. At no additional cost.

See full comparison ->

Related Solutions

The cifraHQ Panama ecosystem

ERP Panamá

DGI, Form 430, ITBMS -- the complete bundle for Panamá

DGI & Form 430

DGI-certified electronic invoicing and automatic Form 430

cifraHQ vs Payday

Detailed comparison: integrated ERP vs standalone planilla

Explore Related Features

Global Payroll Hub ERP Panamá vs Payday All Modules

Frequently Asked Questions

Common questions about cifraHQ Panama Payroll

Yes. The system generates the XLSX file with the 24 official SIPE columns (A-X), ready to upload to the CSS portal. It also generates the SIPE Complementaria file for corrections to prior periods.

Three annual partidas (April 15, August 15, and December 15) per Decreto 19/1973. The system sums the cotizable wages of the last four months of the corresponding quarter, divides by 12, and applies only the CSS rate at 7.25%. Décimo is not subject to SE or ISR.

Yes. The payroll module shares the same tenant database with electronic invoicing, accounting, and AR/AP. A single journal entry is generated when the payroll period is closed -- no intermediate export steps.

Payday is an excellent standalone payroll tool. cifraHQ Payroll goes further by integrating payroll and accounting in the same database, with automatic journal entry generation at period close. It is also native multi-company and every calculation cites the source statute. See the full comparison ->

Ready to Modernize Your Panama Payroll?

Request a personalized demo and see how cifraHQ Payroll eliminates the need for external payroll software.

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