Colombia adopts crypto tax reporting rules aligned with CARF
Colombia’s tax authority, DIAN, has introduced a mandatory reporting framework for crypto service providers, requiring exchanges and intermediaries to collect and submit user and transaction data as part of oversight of the digital asset sector.
The measures are contained in Resolution 000240, issued on Dec. 24, which establishes a crypto reporting regime aligned with international standards developed by the OECD, including the Crypto-Asset Reporting Framework (CARF).
Under the rules, crypto exchanges, custodians and other service providers must report identifying information and transaction details for “reportable” users, enabling the automatic exchange of that information with foreign tax authorities.
The resolution also sets due diligence and valuation requirements, including fair-market valuation methods, and introduces penalties for providers that do not comply.
The reporting obligations apply to service providers and do not directly impose reporting duties on individual users.
The resolution takes effect upon publication, requiring affected platforms to update compliance and reporting systems ahead of the first reporting cycles.
Countries tighten crypto tax reporting to address gaps
As crypto becomes more integrated into mainstream finance, governments around the world are strengthening tax rules to close reporting gaps and enhance oversight of digital asset activity.
A key development is the rollout of CARF, an OECD-backed global standard that requires crypto service providers to collect and automatically report user and transaction data to tax authorities, with initial reporting expected in 2026 and the first automatic exchanges of information anticipated in 2027.
In a November update, the OECD said 48 jurisdictions have already enacted, or are close to enforcing, laws mandating CARF-related data collection, while another 27 jurisdictions are expected to begin sharing information in 2028.
The Organisation for Economic Co-operation and Development (OECD) is an international body that develops policy standards on taxation, economic cooperation and financial transparency.
In the United States, lawmakers may pass the CLARITY Act in 2026, a broad regulatory framework intended to define how digital assets are classified, taxed and issued.
While many countries are moving forward with clearer crypto tax rules, others are more cautious. On Thursday, Indian financial authorities reiterated concerns that cryptocurrency transactions could hinder tax enforcement, warning lawmakers of risks tied to crypto activity during a parliamentary finance committee meeting.
Stay informed, read the latest news right now!
Disclaimer
The content on TrustsCrypto.com is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, always do your own research before making decisions.
Some content may be assisted by AI and reviewed by our editorial team, but accuracy is not guaranteed. TrustsCrypto.com is not responsible for any losses resulting from the use of information provided.
