International Tax & Audit Services
Corporate, fiscal, and fiduciary solutions from Panama to the world.
International Tax & Audit services Corp. (ITAS) Itas Panama Accounting Services and Auditing Services is conducting business and dealing with numerous transactions, clients need clarity in their financial affairs. To ensure compliance with the world and overseas statutory requirements of company.
The Business of the Future for a project of today
ITAS is able to act as third party services provider or an internal financial administrator, controller or accountant in full co-operation with client’s headquartered financial staff and parties as needed. Taking care of a company’s financial related tasks by experienced professionals.
ITAS services include the Coordination and advice for setting up bespoke accounting systems, the Bookkeeping and annual accounts preparation, the Consolidated accounts for businesses in Panama or across multiple jurisdictions, the Periodic management accounts and reports, the Budget and cash flow preparation and forecasts, the Compliance with Panama Revenue Department (DGI), Securities and Futures Commission reporting requirements if any.
ITAS is a company incorporated in Panama as Tax adviser, Audit & Compliance services specialized in Fiscal optimization for reduction of Taxes for corporations.
- A Premier Location
- A Winning Team
- Our Business
- Our Mission
"Panama offer a favorable environment for doing business, with laws and regulations that make it easier and more profitable to operate in these regions. The Financial Hubb, strategically located in a convenient time zone, has set out to attract foreign businesses and investors by enacting favorable legislation for incorporating companies and forming limited partnerships. The hub's modern and technological business legislation, strict confidentiality laws, absence of tax on foreign income, low cost of labor, and state-of-the-art telecommunication capabilities make it an ideal location for establishing profitable enterprises.
The Financial Hubb is supported by a team of certified professionals, including lawyers, economists, notaries, and financial experts, who are strategically located in liaison offices across the globe. These offices Internationally, provide the Services Hubb with a worldwide Virtual platform that enables it to offer expert guidance and support to its clients."
"The ITAS team is comprised of experienced directors, senior officers, and associates with expertise in various areas, including fiduciary services, private banking, finance consulting, tax advisory, and project finance. With this wealth of experience, clients
can be assured that the ITAS team will be a valuable asset in achieving their financial goals.
The ITAS team is committed to providing clients with the knowledge and expertise needed to effectively use international tax planning, asset protection, and other wealth preservation techniques. By working with ITAS, clients can experience unparalleled service levels that the company is known for. This commitment to excellence and client satisfaction is a cornerstone of ITAS's approach to business."
ITAS is established to provide clients with a wide range of services, including corporate and international business and law consulting. As a fiduciary and consulting entity organized under the laws of Panama, ITAS enjoys the benefits and stability of one of the world's principal financial centers. The company offers a range of services, from international business companies and limited liability companies to international exempt trusts, asset protection fiduciary, fiduciary officers, fiduciary and trust management, credit security company, escrow agreement, venture capital, merging, multi-jurisdiction legal and tax advisory and consulting, private and corporate financial activities, and other financial services.
ITAS acts as an advisor and offers expertise in international laws and tax consulting, establishing bridges between corporations, brokers, securities houses, financial institutions, insurance companies, and direct or indirect investors. With experienced financial analysts and investment managers worldwide, ITAS provides professional services tailored to each client's needs on an expedited basis with a high success rate.
ITAS evaluates and analyzes each client's specific project, showcasing the advantages of becoming a client of ITAS. The company is committed to serving clients confidentially and promptly to fulfill their queries. ITAS's customer support is for reference purposes only and does not constitute an offer to sell or a solicitation to buy services in any jurisdiction where such an offer or solicitation would be prohibited by law."
- Increasing efficiency: Increasing the efficiency and stability of international markets is at the heart of ITAS's operational strategy. The company shares its expertise with emerging markets to help develop efficient post-trade solutions, bringing automation and standardization to capital markets and maximizing economies of scale.
- Lowering cost: ITAS provides efficient solutions that lower costs for the market. The delivery of its Single Platform brings about significant cost benefits through consolidation.
- Lowering risk: ITAS is a systemically important market infrastructure service provider.
- Client satisfaction: ITAS serves bond owners and financial institutions, providing outstanding support and direct access to dedicated experts through a single platform.
- Providing personalized services: ITAS has the capability to offer the services, advantages, and protection of larger financial institutions without the delays often associated with them. A compliance management officer is assigned to each client to ensure personalized services.
- Conservative management approach: ITAS's conservative management approach to audit, accounting, and compliance is designed to better serve the international requirements of its clients.
- Regular reporting: Each client is provided with regular financial reports explaining the position, value, and yield of their account.
Our Services
Due to the general disaffection associated with registration in Panama and ITAS’s close ties with connected world markets, the company has been registered at the request of offshores and on-shore companies to create and design a system of private audit, compliance, and banking services specialized in maintaining the good standing of corporations and clients, as well as ensuring the proper management of clear funds to avoid delays in business transactions.
ITAS offers a wide range of fiduciary and private services, including:
- Financial Accounting, Managerial Accounting,
- Cost Accounting,
- Auditing,
- Tax Accounting,
- Accounting Information Systems,
- Fiduciary Accounting,
- Forensic Accounting,
- Accounting and audit services,
- Compliance services Communication
- Relationship Management.
- Essential Critical and Strategic Thinking,
- Adaptability,
- Continuous Learning,
- Time Management,
- Attention to Detail,
- Ethical Integrity,
- Prevention of fraud and risks.
- Related Insights,
- Arbitration and negotiation secured
- Accounting and Audit services
- Operational efficiency compliance
- Human resources services
- Administration services
- Financial planning and projection
- Business investigation
- Data protection
- Prevention of money laundering
- Prevention of corruption
- Escrow & Trust services
- Banking Services.
- General Accounting Services
- Tailored Accounting Services
- Certified Public Accountant (CPA)- Credential.
Transactions: Transactions include the sale or return of a product, the purchase of supplies for business activities, or any other financial activity that involves the exchange of the company’s assets, the establishment or paying-off of a debt, or the deposit from, or paying out of money to, the company’s owners.
Journal entries: The transaction is listed in the appropriate journal, maintaining the journal’s chronological order of transactions.
Posting: The transactions are posted to the account that it impacts, and are part of the general ledger, where you can find a summary of all the business’s accounts.
Trial balance: Calculate a trial balance at the end of the accounting period (quarter or year, depending on the business’s practices).
Worksheet and adjusting journal entries: Corrections or adjustments are tracked on a worksheet for the depreciation of assets and to adjust for one-time payments. Post any corrections needed to the affected accounts once the trial balance shows the accounts will be balanced once the adjustments needed are made to the accounts.
Financial statements: Prepare the balance sheet and income statement using the corrected account balances.
Closing the books: Closing the books
Planning: Initial planning activities include formal acceptance of the client, verifying compliance with independence requirements and performing other procedures to determine the nature, timing, and extent of procedures to be performed in order to conduct the audit in an effective manner.
Risk assessment: Use their knowledge of the business, the industry and the environment in which the company operates to identify and assess the risks that could lead to a material misstatement in the financial statements.
Audit strategy and plan: Auditors develop an overall audit strategy and a detailed audit plan to address the risks of material misstatement in the financial statements. The audit strategy and plan are continually reassessed throughout the audit and adjusted to respond to new information obtained about the business and its environment.
Gathering evidence: Apply professional skepticism and judgment when gathering and evaluating evidence through a combination of testing the company’s internal controls, tracing the amounts and disclosures included in the financial statements to the company’s supporting books and records, and obtaining external third-party documentation.
Finalization: Finally, the auditors exercise professional judgment and form their overall conclusion, based on the tests they have carried out, the evidence they have obtained and the other work they have done. This conclusion forms the basis of the audit opinion.
- The Accounting fee is calculated based on the number of transactions and we assure to have the lowest fee compared to other companies in the market.
- The Auditing fee is calculated based on the revenue of your Panama company in a reporting period.
- Announcement of Fee Adjustment in October 2025: Thank you for your continued support of One Panama Corporation. Your pleasure is indeed valuable to us, and we hope that we have succeeded in offering exceptional corporate services to all of our clients.
Contact Us
Head Office & Legal Office: PH Las Torres. Apt.6. Torre A. Avenida Jose Gabriel Duque. La Cresta, Bella Vista. Panama City. Republic of Panama.