The cryptocurrency ecosystem in Colombia has entered a new era in terms of tax audit. The country’s tax authority has begun to directly record cryptocurrency transactions by imposing a comprehensive reporting obligation on cryptocurrency service providers. The regulation will become an integral part of the tax system as of 2026, with its structure covering both local and foreign platforms.
Mandatory Data Reporting Period for Cryptocurrency Transactions
Colombia’s National Directorate of Taxes and Customs (DIAN) defined a new obligation for cryptocurrency exchanges, intermediaries and cryptocurrency platforms with the decision numbered 000240 published on December 24, 2025. Within the scope of the decision, it became mandatory for service providers transacting with Bitcoin, Ethereum, stablecoins and other cryptocurrencies to regularly submit detailed information about their users and transactions to the institution.
The requested data includes account holder identification information, transaction volumes, transferred asset amounts, market values and end-of-period net balances. The reporting obligation is not limited to companies based in Colombia. Foreign platforms that provide services to users who reside or are taxpayers in the country are also included in the scope. Thus, activities in the cryptocurrency market are included in the same control framework as traditional financial transactions.
Although the decision came into force in the last days of 2025, the actual reporting process will begin with the 2026 tax year. The first collective notification covering all transactions for 2026 will be made by the last business day of May 2027.
Tax Compliance, International Standards and Possible Sanctions
The new regulation was prepared in accordance with the Crypto Asset Reporting Framework of the Organization for Economic Co-operation and Development (OECD). In Colombia, individual users were previously obliged to declare their cryptocurrencies and earnings, but there was no mandatory reporting mechanism for third parties. The current system aims to facilitate the detection of unregistered earnings by allowing declared data to be cross-checked.
The sanctions to be applied in case of non-compliance were also clarified. A fine of up to 1 percent of the unreported transaction amount is imposed for incomplete, incorrect or not submitted notifications at all. This approach stands out as an element that can increase operational and compliance costs for companies operating in the cryptocurrency market.
The timing is remarkable considering Colombia’s dominance in the regional cryptocurrency market. According to blockchain analysis company Chainalysis, the country is the fifth largest cryptocurrency market in Latin America with a transaction volume of $44.2 billion between July 2024 and June 2025. In the same report, Colombia ranked second after Brazil in the growth rate of the value of cryptocurrency received.
