Masdevallia panguiensis is accepted species in  the family Orchidaceae  subfamily: Epidendroideae, tribe: Epidendreae, subtribe: Pleurothallidinae,  
Genus Masdevallia   subgenus Masdevallia  section: Durae 
Infraspecific taxa recognized within Masdevallia panguiensis: infraspecific taxa
This species is found in SE. Ecuador (Cord. del Cóndor).