Colombia's New Tax Regulation: Crypto Exchanges Required to Submit User Data to Combat Tax Evasion

Colombia Implements New Crypto Regulatory Measures

Recently, Colombia’s National Tax and Customs Directorate (DIAN) passed Resolution 000240, introducing stricter regulations on cryptocurrency transactions. Under this policy, domestic and international cryptocurrency exchanges and intermediary service providers must submit detailed user account information and transaction records to the tax authority.

The required reports include ownership details, transaction volumes, transfer amounts, market values, and net balances. This regulation applies to all platforms serving Colombian residents or taxpayers.

Boosting Transparency in Digital Assets

The initiative aims to enhance transparency in the digital asset sector and prevent tax evasion. Colombian tax authorities stated that by collecting and analyzing this data, they can more effectively monitor and manage tax compliance related to cryptocurrencies.

Strict Compliance and Penalties

Starting with the 2026 tax year, all eligible platforms must submit their first complete tax report by the last working day of May 2027. Entities failing to comply or submitting inaccurate data will face fines of up to 1% of the unreported transaction value.

This move marks a significant step in Colombia’s approach to crypto regulation and could serve as a reference for other countries exploring digital asset taxation.