Colombia's tax authority mandates crypto exchanges to submit user data: report

Colombia's National Directorate of Taxes and Customs (DIAN) has introduced a new mandatory reporting requirement for local crypto service providers, aimed at increasing transparency and combating tax evasion in the digital asset space.

Through Resolution 000240, issued on Dec. 24, 2025, DIAN now requires exchanges, intermediaries, and other platforms handling bitcoin, ether, stablecoins and other cryptocurrencies to collect and report detailed user and transaction data, according to a report from local news outlet CriptoNoticias.

The reported information includes account ownership details, transaction volume, number of units transferred, market value, and net balances. The move aligns with the OECD's Crypto-Asset Reporting Framework and applies to both domestic and foreign providers serving Colombian residents or taxpayers.

Although the resolution took effect immediately in late 2025, reporting obligations began for the 2026 tax year, according to the report. The first comprehensive report, covering all of 2026, is due by the last business day of May 2027.

Individual crypto users in Colombia were already required to declare holdings and gains in their personal tax returns, but there were no third-party reporting duties. The new measure enables the tax authority to cross-check declarations and integrate crypto wealth more fully into the tax system, the report said.

Meanwhile, non-compliance or submission of inaccurate data may result in fines of up to 1% of the value of unreported transactions, according to the report.

According to an October report from Chainalysis, Colombia was the fifth-largest country in Latin America by total crypto transaction volume, recording $44.2 billion between July 2024 and June 2025. The report also noted that Colombia was the region's second-fastest growing market for crypto value received over the same period, trailing only Brazil.