Odaily Planet News: Colombia's National Tax Administration (DIAN) has issued Resolution No. 000240, requiring local cryptocurrency service providers to collect and submit detailed user and transaction data. The report must include account ownership information, transaction volumes, transfer amounts, market values, and net balances. The regulation applies to domestic and foreign exchanges and intermediaries that provide services to Colombia residents or taxpayers, aiming to increase transparency in the digital asset sector and combat tax evasion. The first full report for the 2026 tax year must be submitted by the last working day of May 2027. Failure to comply with the regulation or submitting inaccurate data may result in fines of up to 1% of the value of the unreported transactions.
Colombia's Tax Authority Requires Crypto Exchanges to Submit User Data to Combat Tax Evasion
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Summary
Colombia's tax authority has required cryptocurrency exchanges to report user and transaction data in order to combat tax evasion. DIAN's Resolution 000240 mandates that exchanges collect ownership information, trading volumes, and net balances. The regulation applies to both local and foreign platforms serving Colombian taxpayers. The first complete report for the 2026 tax year is due by May 2027. Failure to comply could result in fines of up to 1% of the unreported amounts. This move affects the reporting of capital gains taxes and may influence liquidity and the cryptocurrency markets.
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