cifraHQ unveils the payroll engine built for Panama: CSS, SIPE, income tax and decimo computed as the law requires

PANAMA CITY, Panama - May 11, 2026 - P4 Software, a Grupo Barrdega company with more than 30 years of experience delivering business solutions across the Americas, today announces the general availability of PanamaPack 2026, the cifraHQ payroll engine built from scratch for Panama's labor legislation and natively integrated with the platform's IFRS accounting.

Unlike generic systems that "adapt" payroll from other countries, cifraHQ computes Panama payroll with its real rules: Caja de Seguro Social and Seguro Educativo contributions, bracketed income tax withholding, the Decimo Tercer Mes in its three installments, the seniority premium, and the files Panama's institutions actually receive: SIPE for the CSS and ACH for employee bank payments.

Payroll as the law requires, not as the system happens to ship

PanamaPack 2026 covers the complete Panama payroll cycle:

• CSS and Seguro Educativo: employee and employer contributions calculated and posted automatically.
• Payroll income tax: bracketed withholding per the current DGI table.
• Decimo Tercer Mes: the three installments of April, August and December, with projections visible to each employee.
• Seniority premium and severance: provisions calculated and recorded in the books.
• SIPE and ACH: files ready to upload to the CSS platform and to the bank.
• Sick leave: tracking of the 18 incapacity days with the employer/CSS cost split and automatic reset every January.
• Employee loans and advances: automatic payroll deduction until the balance is recovered.
• Vacations: accrual per Panama's Codigo de Trabajo with an approval workflow.
• Form 03: the annual payroll declaration to the DGI, with an Excel export ready for e-Tax 2.0.

"Panama payroll is not a localization: it is engineering. Decimo in three installments, sick leave under the CSS rule, SIPE, Form 03... We built it from scratch for Panama because adapting a foreign payroll never ends well, and it is the employer who pays the fine."

Glenn Tosco, founder and CTO of P4 Software and Grupo Barrdega

Self-service for employees, control for finance

The cifraHQ Employee Portal lets every employee view their payslips, request vacation and see their decimo projection without going through human resources. For finance leadership, every payroll run is posted automatically, with its journal entry, its provisions and a complete audit trail.

PanamaPack 2026 is available today for all cifraHQ customers in Panama, with implementation through P4 Software's network of certified partners. See the details at cifrahq.com/panama-payroll or explore the free payroll calculators.