Do you own a company in Panama? Update your RUC before August 31, 2025, and avoid penalties.
- Lezcano Financial Group Lezcano
- Aug 13
- 1 min read
In Panama, all legal and natural persons with commercial activity are required to maintain up-to-date information in their Single Taxpayer Registry (RUC) with the General Directorate of Revenue (DGI).
This obligation applies to all companies , regardless of whether their source of income is:
Panamanian (local taxable source)
Exempt not taxable
Foreign or “off-shore”
The DGI has set August 31, 2025, as the deadline for taxpayers to review and update their information in the following sections:
General Information
Location
Economic Activities
Obligations
Establishments
Related Third Parties (Legal Representative, Resident Agent and Certified Public Accountant – CPA)
Attach Documents
Submit Application
Special Focus: Linked Third Parties
This section is key and should include:
Legal Representative – Person designated to act legally on behalf of the company.
Resident Agent – Mandatory for all corporations, responsible for maintaining records and fulfilling minimum legal obligations.
Certified Public Accountant (CPA) – Professional responsible for signing and submitting accounting and tax reports within the Panamanian legal framework , ensuring compliance with tax and regulatory obligations.
Penalties for non-compliance
Failure to update the RUC within the established deadline may result in fines ranging from $100 to $500 , as established by the General Directorate of Revenue (DGI).
What should I do?
Contact us. At LFG , we'll verify that your updated RUC meets all the requirements, especially in the Linked Third Parties section, supporting the information with the corresponding legal and accounting documentation.
📅 Remember: The deadline is August 31, 2025
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