Key Takeaways
- Colombia’s DIAN mandates crypto service suppliers to report crypto transaction knowledge.
- The regulation aligns with the OECD’s Crypto-Asset Reporting Framework to enhance tax transparency.
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Colombia has formalized the combination of digital belongings into its nationwide tax regime by adopting necessary reporting guidelines that align with the OECD’s Cryptoasset Reporting Framework (CARF).
Beneath newly issued Decision 000240, the nation’s tax authority, DIAN, now requires exchanges, intermediaries, and buying and selling platforms to implement rigorous due diligence and automatic knowledge sharing with overseas tax authorities to reinforce fiscal transparency.
Service suppliers should acquire and report detailed data on crypto customers and transactions, together with account possession, transaction volumes, honest market values, and useful possession.
The coverage covers essentially the most broadly used crypto belongings, reminiscent of Bitcoin, Ethereum, and stablecoins, whereas excluding central financial institution digital currencies, and classifies crypto transfers exceeding $50,000 as mechanically reportable retail transactions.
Late, incomplete, or incorrect filings can set off fines of 0.5% to 1% of the worth of the transactions concerned.
Reporting obligations start within the 2026 tax yr, with the primary mass filings due in Could 2027.
