Paraguay has taken a significant stride towards integrating digital assets into its traditional tax framework with the recent publication of General Resolution Nº 47/2026 by the National Directorate of Tax Revenues (DNIT). This landmark regulation establishes the first formal fiscal traceability scheme for the crypto sector within the Paraguayan tax system, marking a pivotal moment for the country's engagement with the burgeoning digital economy.
Comprehensive Reporting Requirements
The new resolution mandates the reporting of detailed information to the tax authorities for annual cryptoasset transactions exceeding USD 5,000. This obligation encompasses a broad spectrum of activities, including traditional purchases and sales of cryptocurrencies, crypto-to-crypto exchanges, holding of digital assets, and payments made in cryptocurrencies. Furthermore, it extends to more complex operations such as mining, staking, lending, yield farming, and even transactions involving non-fungible tokens (NFTs), donations, and inheritances. Crucially, the reporting requirements apply universally, regardless of whether transactions occur on foreign platforms or directly between users via peer-to-peer (P2P) transfers, aiming to close potential information gaps inherent in the decentralized nature of the crypto market. Each reported operation demands an extensive level of detail. Taxpayers must provide the date and time of the transaction, the identities of participants or wallet addresses, the specific type of cryptoasset, the outcome of the operation, the exact quantity (up to ten decimal places), and its equivalent value in US dollars. Additional data like commissions paid, network or gas fees, and the transaction hash are also required. These reports will be submitted through the DNIT’s digital tax management platform, Marangatu, under a newly defined obligation: 959-DJI Criptoactivos.
A Global Trend Towards Fiscal Transparency
Paraguay's initiative is part of a broader modernization effort within its tax system, designed to enhance control mechanisms, improve tax collection, and adapt fiscal oversight to the dynamics of the digital economy. Experts in the crypto ecosystem view this measure as a transformative step. Joaquin Morinigo, a growth strategist at BingX, noted that Paraguay is "silently entering a new phase of its crypto ecosystem," highlighting the unprecedented formal traceability system. This move aligns Paraguay with a growing global trend where governments are seeking greater transparency in digital asset operations, signaling a clear intent to understand and regulate this evolving market more effectively.
