Paraguay Introduces Mandatory Reporting of Cryptoasset Transactions
Paraguay has taken a significant step toward tax transparency in the digital asset ecosystem.
On March 10th, 2026, the Tax Authorities (DNIT) issued General Resolution No. 47, establishing a mandatory reporting regime for transactions involving cryptoassets.
The new framework requires crypto platforms and certain taxpayers to report detailed information on digital asset transactions, expanding the tax authority’s visibility over crypto activities.
🔎 Key Highlights
1️⃣ Broad Definition of Cryptoassets
The regulation broadly defines cryptoassets as digital representations of value based on blockchain or similar distributed ledger technologies, including:
• utility tokens
• stablecoins
• NFTs
• other digital assets
Excluded: Central Bank Digital Currencies (CBDCs) and regulated securities instruments.
2️⃣ Extensive Scope of Reportable Transactions
The reporting obligation covers a wide range of crypto activities, including:
📊 purchases and sales
🔄 exchanges between cryptoassets
💳 payments using cryptoassets
🎁 donations or inheritances
⚙️ minting, mining, and burning
⛓ staking, lending, and consensus mechanisms
Importantly, transactions executed without intermediary platforms are also covered.
3️⃣ Who Must Report
The Cryptoasset Informative Return must be filed by:
✔️ Crypto platforms operating in Paraguay (including CEX, DEX, and DeFi systems)
✔️ Residents whose crypto transactions exceed USD 5,000 annually, including operations through foreign platforms or direct wallet-to-wallet transfers.
4️⃣ Annual Reporting Requirement
Returns must be filed annually, within three months after the end of the fiscal year, through the Marangatu Tax Management System.
The regime applies:
• from FY 2026 for taxpayers closing on December 31st
• from FY 2027 for taxpayers closing on April 30th or June 30th.
5️⃣ Detailed Transactional Information
For each transaction, taxpayers must report:
• date and time
• parties involved (where identifiable)
• wallet addresses and transaction hash
• cryptoasset type and blockchain network
• quantity transacted
• transaction value in USD
• gas fees, commissions, and other costs
• wallet type (custodial / non-custodial).
⚠️ Penalty: Late filing triggers a fine of ₲1,000,000, regardless of any additional sanctions.
💡 Why this Matters
This resolution introduces Paraguay’s first comprehensive crypto reporting framework, aligning the country with global trends toward greater transparency in digital asset transactions.
For taxpayers and crypto platforms, the new regime will likely require:
• stronger transaction tracking and recordkeeping
• enhanced compliance and reporting processes
• closer tax authority scrutiny of crypto activity.
#CryptoTax #DigitalAssets #TaxTransparency #Paraguay #InternationalTax #LATAMTax #Blockchain #TaxCompliance #CryptoRegulation #LATAMTaxes #CryptoAssets
Top of Form https://www.dnit.gov.py/web/portal-institucional/reso