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EYSH Financial

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Panama

About

EYSH Financial provides payroll outsourcing (manejo de planillas) for companies operating in Panama, taking over the administration of salaries, withholdings, benefits and employer obligations. The firm works with both local and foreign businesses and focuses on compliance with the Caja de Seguro Social (CSS) and the Ministerio de Trabajo y Desarrollo Laboral (MITRADEL).

Its payroll work covers the calculation of base salaries and overtime, including night, mixed and holiday surcharges under the Panamanian Labour Code, as well as legal employee deductions for social security, educational insurance and income tax withholding under the Dirección General de Ingresos tables. The firm also determines monthly employer contributions, including the social security and educational insurance employer quotas and occupational risk rates that vary by business activity.

Additional services include the calculation and provisioning of statutory benefits such as the thirteenth month, the severance fund, seniority premium and vacation settlements; monthly preparation, upload and validation of the digital payroll in the CSS SIPE platform; preparation of termination settlements for resignations, justified dismissals, mutual agreement or disability; and administration of commercial and judicial deductions.

The firm is contactable in Panama by phone and offers consultations for companies considering outsourcing their payroll function.
Global Payroll 40%
Accounting Services 35%
Tax Services 15%
Legal Services 10%
Retail, Wholesale and Distribution 25%
Automotive 20%
Insurance 20%
Healthcare 20%
Other Industries 15%

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