The Colombian tax authority (DIAN) has reminded taxpayers about their duty of declaring cryptocurrency assets in their tax statements starting this year.
Colombian Tax Authority Warns About Consequences of Not Declaring Crypto Related Taxes
The Colombian tax authority, DIAN, has reminded taxpayers that they need to start registering cryptocurrencies in their statements starting this year. The director of the DIAN, Lisandro Junco, reminded cryptocurrency users that this kind of asset is taxed as any other asset held by citizens. Colombia has already collected $1 billion in digital economy-related taxes.
made by local media, the organization informed the public that it is empowered to perform verifications on the received data from taxpayers to ensure the correct application of the tax laws of the country.The director of the tax authority, Lisandro Junco, informed about crypto assets and their tax status in Colombia. He declared:Furthermore, the organization defined that all elements fulfilling the definition of assets in the law should be declared, including bonds, stocks, and cryptocurrencies.
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