Key takeaways
- The Colombian DIAN requires crypto service providers to report crypto transaction data.
- The regulation aligns with the OECD Crypto Asset Reporting Framework to improve tax transparency.
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Colombia has formalized the integration of digital assets into its national tax regime by adopting mandatory reporting rules that align with the OECD’s Crypto-Asset Reporting Framework (CARF).
Under the recently 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 improve tax transparency.
Service providers must collect and report detailed information about users and cryptocurrency transactions, including account ownership, transaction volumes, fair market value, 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 declarations may result in fines ranging from 0.5% to 1% of the value of the transactions concerned.
Reporting obligations begin in fiscal year 2026, with the first mass reporting expected in May 2027.
