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Taxpayer ID Number Registry (TIN): Updates

Update of TIN Registry

Through Resolution No. 201-4393 of June 21, 2022 published in Official Gazette 29581 of July 19, 2022, the General Revenue Directorate establishes the Tax Obligation to update the Taxpayer ID Number Registry ( TIN ) no later than July 31st , 2022 by completing all mandatory fields. Those who do not carry out the update will not be able to file the corresponding forms for the fulfillment of their tax obligations, which will entail the penalties established in the Law for each particular case.

Regulation of the procedure for the registration of legal entities in the TIN Registry (TIN)

Through Resolution No. 201-4984 of July 12, 2022 published in Official Gazette 29581 of July 19, 2022, the General Revenue Directorate establishes the regulation of the procedure for registration of legal entities in the TIN Registry.

  • The procedure now establishes 22 types of legal entities for TIN purposes.
  • For tax purposes you must indicate one of the categories of obligations:
    • Panamanian Source.
    • Foreign Source.
    • Exempt and Non-Taxable Source. In this category, asset holders are recorded.

  • The Resident Agent must be identified.

  • The Certified Public Accountant must be identified as a related third party.

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