On 5 October 2026, the DNIT held a technical meeting with fintech sector representatives to advance the implementation of the Informative Sworn Declaration (DJI) for Crypto Assets, as mandated by Resolution General No. 47/2026. The regulation requires taxpayers to report cryptocurrency transactions, aiming to close information gaps in a rapidly growing asset class. The DNIT is also drafting a cooperation agreement with industry stakeholders to ensure effective data exchange and compliance monitoring.
Key Takeaways
- Mandatory Transaction Reporting: Taxpayers must now disclose crypto asset acquisitions, disposals, and transfers, providing the tax authority with visibility into previously opaque digital asset flows.
- Industry Collaboration Framework: The proposed cooperation agreement will standardize data formats and reporting timelines, reducing compliance costs for exchanges and wallet providers.
- Alignment with Global Standards: The move mirrors OECD and FATF recommendations on virtual asset service provider (VASP) reporting, positioning Paraguay favorably in international tax transparency assessments.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement