Panama published, in the Official Gazette, Executive Decree No. 114 of 2020 (the Decree), which establishes rules for the use of fiscal equipment in issuing tax receipts and other documents. The Decree repeals Executive Decree No. 53 of 2010, which established rules regarding the adoption of fiscal equipment for the issuance of tax receipts and other documents.
The Decree applies to all individuals and entities that carry out commercial, industrial, professional or similar activities an…