Expand localization for LATAM countries – Panama

Important

This content is archived and is not being updated. For the latest documentation, go to What's new or changed in Dynamics 365 Finance. For the latest release plans, go to Dynamics 365, Power Platform, and Cloud for Industry release plans.

Enabled for	Public preview	General availability
Users by admins, makers, or analysts	-	Nov 30, 2023

Business value

Tax compliance requirements are complex and change frequently. Companies are looking for more out-of-the-box geographic coverage and tax compliance automation from Microsoft. Shipping localizations for additional LATAM countries significantly extends our country support in LATAM beyond our current support and provides customers with more consistent out-of-the-box regulatory compliance coverage in multiple areas including tax reporting and electronic invoicing.

Feature details

We continue to extend the scope of the supported countries in LATAM to address the needs of multiple global and local customers. Out-of-the box localization for Panama is available. The country localization provides the following capabilities.

Country-specific features for Panama

• Invoicing

  • Electronic Invoicing
    • Electronic Invoice format
  • Other invoicing
    • Invoice layout for sales order invoices, free text invoice, and project invoice

• Reporting

  • General ledger and tax reports
    • Declaration reports General ledger
    • Declaration reports sales VAT book
    • Declaration reports purchases VAT book
    • Declaration reports trial balance

See also

Panama overview (docs)