Colombian Tax Authority to tighten control over cryptocurrency use

The agency reported that the main goal is to achieve greater clarity regarding the actions of digital assets users and traders in the country

02.02.2022 - 12:10

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What’s new? The Colombian Tax Authority, DIAN, has announced the adoption of special measures to tighten controls on taxpayers using cryptocurrencies to transact. The information about this appeared in a PR statement published on January 28.

The DIAN official statement

What else are the stricter controls for? The organization explained that the implementation of special measures is a part of Colombia’s policy to combat money laundering and terrorist financing. DIAN stated that an agreement signed between Colombia and Finland will be of key importance to achieving this goal. It will allow the free exchange of information between institutions in both countries.

What does the regulator say? . DIAN stated:

“These actions seek to establish a tax control over taxpayers who in the Income and Complementary Tax did not record the income obtained from operations with cryptocurrencies or recorded them inaccurately.”

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