Important points
Colombia’s DIAN requires cryptocurrency service providers to report cryptocurrency transaction data. This regulation is in line with the OECD’s Cryptoasset Reporting Framework to improve tax transparency.
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Colombia has formally integrated digital assets into the country’s tax system by adopting mandatory reporting rules in line with the OECD’s Crypto Asset Reporting Framework (CARF).
Based on the newly issued resolution 000240, the country’s tax authority DIAN now requires exchanges, intermediaries and trading platforms to conduct rigorous due diligence and automatic data sharing with foreign tax authorities to increase financial transparency.
Service providers must collect and report detailed information about cryptocurrency users and transactions, including account ownership, transaction volume, fair market value, and beneficial ownership.
The policy covers the most widely used crypto assets such as Bitcoin, Ethereum, and stablecoins, but excludes central bank digital currencies and classifies crypto transfers over $50,000 as retail transactions that are automatically reported.
Late, incomplete, or inaccurate declarations can result in penalties of 0.5% to 1% of the relevant transaction value.
Reporting requirements begin in tax year 2026, with the first bulk return scheduled for May 2027.
