A contract has been awarded for the design and implementation of an electronic billing system that automates the process of reporting taxes and tax collection.

Through a direct recruitment process the Directorate General of Revenue (DGI by its initials in Spanish) has selected Centro Interamericano de Administraciones Tributarias (CIAT) to design and implement an electronic billing system for the country.

Prensa.com reports that “…The contract, published in PanamáCompra, is valued at 2.2 million dollars and seeks to “strengthen controls and fiscal intelligence aimed at reducing levels of non-compliance, tax evasion and fraud,” according to a document signed by Publio Cortés, Director General of Revenue. “

Regarding the future of fiscal printers implemented during the Martinelli administration, Cortes told Prensa.com that “… ‘In other countries where the experiences of implementing electronic invoicing have been successful, fiscal equipment coexists with electronic invoicing, especially in those segments where controls on billing are more efficient through use of this equipment, such as sales to end consumers. Other countries have implemented a process of progressive replacement of equipment with electronic tax invoices. In the case of Panama, this decision must be evaluated in due course in order to determine what would be best according to the characteristics of the Panamanian market. ‘ “

Source: Prensa.com