Financial, accounting and legal services for the hotel and tourism industry in Panama

Outsourcing accounting, payroll and corporate legal advice lets tourism entrepreneurs mitigate risk, take advantage of the tax incentives available in Panama and focus their resources on giving visitors memorable experiences.

Financial services and profitability strategy for the tourism and hotel sector

The financial stability of a hotel or tourism business depends on an analytical structure that can anticipate swings in occupancy and optimise fixed and variable costs.

Performance indicators: RevPAR, GOPPAR and cash flow

We analyse the sector's key performance indicators, such as revenue per available room (RevPAR) and gross operating profit per available room (GOPPAR). We prepare cash flow projections that support operational planning for high and low seasons, ensuring the liquidity needed to maintain facilities and meet commitments to suppliers.

Tax planning and incentives for tourism investments

We advise on optimising the tax burden under the rules of the Dirección General de Ingresos (DGI) and the benefits provided by Panamanian tourism legislation. We design strategies for depreciating fixed assets, amortising improvements to leased property and managing income tax (ISR) efficiently.

Specialised legal services for the hotel and tourism industry

The legal framework governing tourism in Panama covers health licences, international commercial contracts and labour rules adapted to round-the-clock services.

• National Tourism Registry and Law 80 benefits: registration with the Tourism Authority of Panama (ATP) and the Ministry of Economy and Finance (MEF) to obtain exemptions from import duties, property tax and income tax for qualifying tourism projects.
• Franchise, management and marketing agreements: drafting and negotiating hotel management agreements, tourism brand licences, commercial lease agreements and contracts with wholesale travel agencies.
• Health, trading and alcohol permits: filing and representation to obtain business operation notices (avisos de operación), liquor licences, Ministry of Health (MINSA) permits and copyright licences for events (SPAC/PANAIE).
• Tourism employment compliance and contracts: employment contracts adapted to rotating, night, holiday and Sunday shifts, reducing contingencies and proceedings before the Ministry of Labour (MITRADEL).

Accounting services and tax compliance with the DGI

Hotel and tourism accounting requires income to be broken down by cost centre: rooms, food and beverage (F&B), banqueting, excursions and ancillary services.

Multi-channel reconciliation and OTA and PMS integration

We integrate the reports from property management systems (PMS) and external booking engines (online travel agencies such as Booking, Expedia or Airbnb) with the corporate bank accounts. We reconcile credit card collections and international transfers daily.

Electronic invoicing and tourism taxes

We implement Electronic Invoicing at the point of sale (POS) and front desk. We handle the settlement and filing of the tourist accommodation tax with the ATP, as well as the timely filing of the tax on the transfer of movable goods and the provision of services (ITBMS).

Payroll and staff management in tourism

Because hospitality is a non-stop service (24/7/365), payroll processing demands precision when calculating surcharges and incentives.

Payroll, surcharges and severance

We handle the fortnightly and monthly calculation of salaries, overtime surcharges, work on rest days or public holidays, tips and severance on termination of employment under the Panamanian Labour Code.

Social Security Fund filings (SIPE)

We prepare and file the monthly payroll through the CSS SIPE platform. We keep the employer's certificate of good standing (Paz y Salvo) current, a requirement for renewing tourism licences and contracting with the State or corporations.

Why hotels and tourism businesses choose EYSH Financial

Having a firm that specialises in the Panamanian market behind you brings direct operational and financial advantages to your business:

• At EYSH Financial we bring departmental accounting, tax planning and the project's legal management together under one team, keeping financial and legal decisions consistent.
• We analyse the food and beverage margin (F&B cost), distribution costs per digital sales channel and the operating cost per occupied room.
• We monitor the expiry dates of tourism registrations, operating permits and DGI tax obligations to prevent closures or administrative fines.
• We replace costly in-house infrastructure with executive-level advice scaled to the volume of your hotel, agency or tourism business.