Colombian Tax Authority Warns About Consequences of Not Declaring Crypto Related Taxes – Taxes Bitcoin News - BitcoinEthereumNews.com
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. Colombian Citizens Must Start Including Crypto in Their Tax Statements The Colombian tax authority has reminded taxpayers about their duty of declaring cryptocurrency assets in their tax statements starting this year. In a परामर्श 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: You have to pay taxes even if it is an element of the digital economy. Furthermore, the organization defined that all elements fulfilling the definition of assets in the law should be declared, including bonds, stocks, and cryptocurrencies. But not only cryptocurrency users need to know about crypto taxation. Cryptocurrency miners must also declare their mining numbers, because the agency has also