The General Directorate of Revenue (DGI) of the Ministry of Economy and Finance of Panama has issued Resolution No. 201-4488 of June 4, 2025, published in the Official Digital Gazette No. 30302 of June 17, 2025, which initiates a mandatory update campaign for the data registered in the Single Taxpayer Registry (RUC). This measure is compulsory for all taxpayers, both individuals and legal entities.
What is the RUC, and why is it essential to update it?
The RUC is the official registry that identifies all taxpayers before the DGI. Keeping data up to date is essential to:
- Ensure proper tax administration.
- Avoid penalties and fines.
- Allow for continuity in billing and commercial operations.
- Facilitate banking and commercial procedures.
- Avoid suspension of the RUC and restrictions on official procedures.
Who must update their RUC?
Updating is mandatory for:
- Individual taxpayers.
- Companies and corporations.
- Private interest foundations.
- Independent professionals.
What information must be updated?
Taxpayers must review and update the following information, among others:
- Physical and tax address.
- Main economic activity.
- Contact information, such as phone numbers and email addresses.
- Legal representatives, in the case of legal entities.
How is the update performed?
The update must be completed through the e-Tax 2.0 system, filling in all the required fields on the online form. The process is straightforward, but it requires careful attention to ensure that no information is omitted.
Deadlines and penalties
- The deadline for completing this update is August 31, 2025.
- Failure to update or provide incomplete or incorrect information may result in fines ranging from 100 to 500 balboas.
- Noncompliance may result in suspension of the RUC, which limits the ability to operate legally in the country.
Recommendations for taxpayers
- Review all the information registered in your RUC in advance.
- Prepare the necessary documents and data before starting the online process.
- If you have questions or need assistance, seek specialized professional advice to avoid errors and penalties.
- Do not leave the update to the last minute to avoid inconveniences due to system overload.
Why seek professional tax advice?
Updating the RUC correctly is an obligation that directly impacts the operation of any business or economic activity. Having specialized advice on tax matters offers benefits such as:
- Ensuring error-free regulatory compliance.
- Optimizing administrative and tax processes.
- Avoiding costly fines and penalties.
- Maintaining peace of mind to focus on business growth.
The mandatory RUC update campaign is a key measure to maintain transparency and order in the Panamanian tax system. As a company dedicated to tax advice, we are at your disposal to guide you through this process and ensure that your information is always up to date and in compliance with current regulations.
Please do not hesitate to contact us for personalized support and to avoid any inconvenience with the DGI.