Colombia's Tax and Customs Authority DIAN issues Resolution No. 000240, requiring cryptocurrency exchanges and crypto asset service providers to mandatorily report users' Bitcoin, Ethereum, and stablecoin (such as USDT, USDC) transaction data to tax authorities in order to comply with the Crypto Asset Reporting Framework (CARF) established by the Organization for Economic Co-operation and Development (OECD). The new regulation will take effect from the 2026 tax year, with the first centralized report due in May 2027, covering all transaction activities in 2026. Reported information must include account holder identity, transaction quantity, amount, and market value; fines for non-reporting or incorrect information can reach up to 1% of the transaction amount. Additionally, transfers or payments exceeding $50,000 per transaction will trigger automatic reporting. (criptonoticias)
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Colombia's Tax and Customs Authority DIAN issues Resolution No. 000240, requiring cryptocurrency exchanges and crypto asset service providers to mandatorily report users' Bitcoin, Ethereum, and stablecoin (such as USDT, USDC) transaction data to tax authorities in order to comply with the Crypto Asset Reporting Framework (CARF) established by the Organization for Economic Co-operation and Development (OECD). The new regulation will take effect from the 2026 tax year, with the first centralized report due in May 2027, covering all transaction activities in 2026. Reported information must include account holder identity, transaction quantity, amount, and market value; fines for non-reporting or incorrect information can reach up to 1% of the transaction amount. Additionally, transfers or payments exceeding $50,000 per transaction will trigger automatic reporting. (criptonoticias)