News: DGI suspends RUC of 30,500 companies due to inconsistencies

The General Directorate of Revenue reported that the affected legal entities will have their RUC automatically suspended, which prevents them from accessing or carrying out any procedure or request through the e-Tax 2.0 platform.

–La Prensa

The General Directorate of Revenue (DGI) has suspended the Taxpayer Identification Number (RUC) of more than 30,000 companies in Panama due to irregularities such as duplicate registrations or lack of identification in the Public Registry. This measure directly affects the ability of companies to operate through the e-Tax 2.0 platform, preventing electronic invoicing, the filing of tax returns, and the fulfillment of other tax obligations.

How does this affect your company?

• Inability to issue electronic invoices: Suspended companies will not be able to generate valid fiscal documents.

• Inability to file tax returns: This includes VAT, selective consumption taxes, and income tax returns.

• Risk of tax evasion penalties: Conducting operations without complying with tax regulations may result in fines and other penalties.

  
  

This measure by the DGI highlights the importance of keeping each company’s tax information properly updated. At DENFAB, as a law firm specialized in corporate and tax law, we guide our clients in complying with regulations to avoid penalties or disruptions in their operations. Our experience and commitment ensure that businesses can operate safely and confidently, consolidating DENFAB as your trusted ally.