Localización Panamá For Dynamics 365 Business Central

LLB Solutions has developed localization for Microsoft Dynamics 365 Business Central for Latin America, specifically for Panama, with the aim of complying with the tax regulations stipulated by the DGI. This localization covers the functionality and regulations of general accounting, fixed assets, inventory management, bank management, accounts receivable, accounts payable, and project management.

Panama Localization is the complement to Dynamics 365 Business Central functionality that allows compliance with specific laws and regulations not covered by the standard functionality.

The various functionalities and printed and electronic reports can be used in all international or national companies operating in Panama in the private or public sector.

The Panama localization for Dynamics 365 Business Central will:

· Ensure compliance with the guidelines of the General Directorate of Revenue (DGI).

· Guarantee constant updates in accordance with tax and accounting obligations.

· Adapt accounting and tax functionalities to align with Panamanian legislation.

· Provide access to functional, technical, and location-based training, along with continuous support during data migration and activation.

· Adjust terminology based on regional requirements within the various standard modules of Dynamics.

· Offer comprehensive training on best practices at Dynamics 365 Business Central.

· Maintain regular updates according to the country's legal modifications or new versions of Microsoft.

· Support functional configuration for localization. Help with data migration for localization.

· Offer continuous support throughout implementation and go-live phases.

Taxes:

· Different ITBMS rates.

· ITBMS withholdings.

· Exempt ITBMS.

· Withholdings on foreign remittances.

Electronic documents:

· Internal operation invoices.

· Integration with electronic invoicing.

· Export invoices.

· Credit notes FE.

· Debit notes FE.

General:

· Legal Nature.

· Type of taxpayer.

· Fiscal classification.

· Type of identity documents.

· Sales remittances.

· Debit notes for purchase and sale.

· Third-party management.

· Debit notes for sales and purchases.

Reports:

Customer withholdings.

Supplier withholdings.

Consolidated purchase withholdings.

Consolidated sales withholdings.

Consolidated declarations.

Report on Payments Made to Third Parties.

Report on Donations Received.

General Ledger.

Journal Ledger.

Supported Editions: Essential and Premium editions of Dynamics 365 Business Central.

Supported Countries: Panama

Supported Languages: English (United States), Spanish (Spain), and Spanish (Mexico).