Key Takeaways
- Colombia’s DIAN mandates crypto service providers to report crypto transaction data.
- The regulation aligns with the OECD’s Crypto-Asset Reporting Framework to improve tax transparency.
Colombia has formalized the integration of digital assets into its national tax regime by adopting mandatory reporting rules that align with the OECD’s Cryptoasset Reporting Framework (CARF).
Under newly issued Resolution 000240, the country’s tax authority, DIAN, now requires exchanges, intermediaries, and trading platforms to implement rigorous due diligence and automated data sharing with foreign tax authorities to enhance fiscal transparency.
Service providers must collect and report detailed information on crypto users and transactions, including account ownership, transaction volumes, fair market values, and beneficial ownership.
The policy covers the most widely used crypto assets, such as Bitcoin, Ethereum, and stablecoins, while excluding central bank digital currencies, and classifies crypto transfers exceeding $50,000 as automatically reportable retail transactions.
Late, incomplete, or incorrect filings can trigger fines of 0.5% to 1% of the value of the transactions involved.
Reporting obligations begin in the 2026 tax year, with the first mass filings due in May 2027.
Source: https://cryptobriefing.com/colombia-mandates-crypto-disclosure/
