A contract has been awarded for the design and implementation of an electronic billing system that automates the process of reporting taxes and tax collection.
Through adirect recruitmentprocessthe Directorate General of Revenue (DGI by its initials in Spanish) has selected Centro Interamericano de Administraciones Tributarias (CIAT) to design and implement an electronic billing system for the country.
Prensa.com reports that "...The contract, published in PanamáCompra, is valued at 2.2 million dollars and seeks to "strengthen controls and fiscal intelligence aimed at reducing levels of non-compliance, tax evasion and fraud," according to a document signed by Publio Cortés, Director General of Revenue. "
Regarding the future of fiscal printers implemented during the Martinelli administration, Cortes told Prensa.com that"...'In other countries where the experiences of implementing electronic invoicing have been successful, fiscal equipment coexists with electronic invoicing, especially in those segments where controls on billing are more efficient through use of this equipment, such as sales to end consumers.Other countries have implemented a process of progressive replacement of equipment with electronic tax invoices.In the case of Panama, this decision must be evaluated in due course in order to determine what would be best according to the characteristics of the Panamanian market. ' "
From 2014 to 2015 the size of central governments remained constant at an average 18.5% of gross domestic product (GDP).
From the introduction of the report: "Macrofiscal Profiles: 6th Edition" by the Central American Institute for Fiscal Studies (Icefi):
2015 proved to be a period of low tax advance for the Central American region. On average, the size of central governments remained constant compared to 2014, at 18.5% of gross domestic product (GDP). However, not all nations maintained this trend in the same way. While the governments of Nicaragua, Costa Rica and El Salvador, some of the largest fiscally in the region, continued to increase their participation in the economy, reporting increases of 1.5, 0.7 and 0.7% of GDP, respectively, the Government of Guatemala - one of the smallest in the world became even smaller, being reduced by 1.2% of GDP. For its part, the Government of Honduras reported a small decrease of 0.2% of GDP, fully converged with its policy of fiscal austerity, while that of Panama had a transient contraction of 1.4%, reflecting a reorganization established by the new administration and that, according to the plans for 2016, will be reversed in full.
Preparations are being made for a billing system which will allow companies to file reports digitally and in real time, replacing the tax printers implemented by the Martinelli administration.
The DGI has announced to the private sector that the new system is intended to streamline sales reports to the Treasury by large enterprises, in addition to ending the "... complications caused by use of fiscal printers".
The credit facility for tax equipment may be used for paying taxes to the Internal Revenue Service of Panama, with the exception of ITBMS.
The article in Prensa.com by Osvaldo Lau C, states that "In general, the tax rules regarding tax equipment grant the right to receive a credit equal to fifty percent (50%) of the total value of each new computer or up to $700 (B /. 700.00), the smaller of the two, for taxpayers who have complied in a timely manner with the implementation schedule for tax equipment, depending on the type of equipment and the region where the business is located".
The National Administration of Aqueducts and Sewers (ANDA) is inviting bids for the purchase of workstations for branch offices and customer service areas.
The international tender is for the purchase of computers, UPS, financial printers, laser printers, barcode readers, servers and related software licenses. It also includes technical assistance to users both on-site and by telephone and training technical personnel.
Panama is calling for expressions of interest for providing the design and operation of a computer system to control fiscal equipment.
According to a publication in Panamacompra.gob.pa:
The Republic of Panama, through its Ministry of Economy and Finance (MEF) has received financing from the Inter-American Development Bank (IDB) and intends to apply part of the funds to execute a program for strengthening fiscal management.