Months or years of unfiled returns isn't the end of the world — it's a problem with a technical solution. We rebuild your records, assemble the documentation and regularize your standing with the DGI. With a clear plan, a fixed fee and not a single question about how you got here.
If you landed on this page you probably did so with some embarrassment, late at night, searching quietly. So it's worth saying this first: catch-up bookkeeping is one of the most frequent situations we handle, and it almost never has anything to do with irresponsibility.
The cases we see again and again: the business grew faster than its administration did. You paid someone who didn't do the work and found out two years later. There was an illness, a death in the family, a separation, and bookkeeping was the first thing to fall off the list. You opened a company that never operated and nobody told you filings were still due. Or simply, nobody ever explained what applied to you.
None of those stories changes what has to be done technically. And none of them is our business beyond understanding the context well enough to build a solid file. What does matter is that every month that passes, surcharges and fines keep adding up. That's the only urgent thing here.
Regularizing isn't just filing what's missing. It's rebuilding an accounting history that can withstand a DGI review.
We review your file in e-Tax 2.0 to establish exactly which periods are missing, what was filed incorrectly and what balances are on record.
We build the period's records from bank statements, invoices, contracts and every available supporting document.
We match actual movements against what's recorded, month by month, so the numbers have verifiable backing.
We issue financial statements for each rebuilt period — the basis for every return we file.
We file income tax, ITBMS and whatever else applies, with CPA endorsement where the law requires it.
We coordinate payment or a payment arrangement, verify it's applied and obtain your tax clearance certificate.
We review your file and tell you plainly what's missing, what the real exposure is and what can be done.
We prioritize: first what stops the clock on fines and interest, then the rest. With a fixed fee per stage.
We work period by period. You see concrete progress, not three months of silence.
We file, coordinate payments and leave you current — with a system in place so you don't end up here again.
Penalties and deadlines per DGI regulations in force, subject to change. This page is informational and does not replace advice on your specific case.
There's an important difference between you approaching the DGI and the DGI approaching you. Regularizing on your own initiative almost always leaves better options than responding to a formal request with the clock against you.
We know that someone with years outstanding often has tight cash flow too. That's why we don't quote this as one impossible block.
Free. When it's done you know how many periods are missing, the approximate exposure and which plan makes sense.
We quote per fiscal period to be rebuilt, based on transaction volume and available documentation. You can advance in stages.
Once you're current, the cost of staying that way is a fraction of what regularizing again would cost.
Transparency about something uncomfortable: our fee is one thing, and what you may owe the DGI in tax, fines and surcharges is another. In the assessment we give you an estimate of both, because knowing what we charge is useless if you don't know the total you're facing. We'd rather you decide with the full number in hand.
Yes. It is far more common than you think and almost always has a way out. We rebuild the outstanding periods with whatever information exists — bank statements, invoices, contracts, receipts — assemble the documentation and file the late returns. The longer it sits, the more surcharges and interest accumulate, so the best time to start is now, not when a notice arrives.
Accounting records must be current within 60 days of each month's close; failing that carries a fine of B/.100.00 to B/.500.00 for every month of delay. Not keeping books or transaction records carries a penalty in the same range. And failure to file the sworn income tax return carries a fine of B/.100.00 to B/.1,000.00. On top of that, surcharges and interest accrue daily on unpaid tax.
In most cases yes. We work with whatever exists: bank statements, payment receipts, contracts, emails, supplier and customer records, and whatever appears in your own file within e-Tax 2.0. From there we reconstruct the economic reality of the period and document the criteria applied. What we will not do is invent supporting documents that do not exist.
No. Most of our clients in this situation were not negligent: they grew fast, trusted someone who did not do the work, went through an illness or a business crisis, or simply were never told what applied to them. Our job is to fix it, not to comment on how you got here.
Yes. A registered and active legal entity keeps formal obligations even with no revenue: income tax return, annual franchise tax and the corresponding notices. It is one of the most frequent cases we handle — companies incorporated years ago "just in case" that quietly accumulated non-compliance. The good news is these are usually the fastest to regularize.
Yes. A large share of the catch-up work we do is for foreign owners of Panamanian companies who live outside the country. Everything runs digitally and in English: cloud documentation, video meetings, remote signatures and periodic progress reports.
Completely. Your information is handled under strict confidentiality protocols and the professional duties binding us as Certified Public Accountants in Panama. Nothing you tell us leaves the firm. You can review how we handle data in our privacy policy.
Free, confidential assessment in English. We tell you how many periods are missing, what you're really facing and where it makes sense to start. No obligation and no judgment.
Individuals and companies, with the registered CPA endorsement required by Law 280.
View service →e-Tax 2.0 enrollment, PAC selection and issuing invoices with a valid CUFE.
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