The DNIT (Dirección Nacional de Ingresos Tributarios), Paraguay's tax and customs authority, has implemented a new mechanism to monitor cryptocurrency operations in the country. Through General Resolution No. 47/2026, the tax authority will now require cryptocurrency platforms and taxpayers who move more than $5,000 annually to declare their transactions. The first declaration, for the 2026 fiscal year, must be submitted in March 2027 via the Marangatu system.
The DNIT states the objective is not to limit the use of cryptocurrencies, but to obtain data to cross-check operations, detect inconsistencies, and strengthen oversight. The rule covers a wide range of activities, including buying, selling, exchanging, transfers, payments, mining, staking, and loans. The national director of the DNIT, Óscar Orué, and the executive manager, Braulio Ferreira, said the intention is to use the information to conduct subsequent controls and verify if tax payments correspond to the reality of the sector.
The declaration will require detailed information, such as date, time, type of crypto asset, amount, value in dollars, commissions, the transaction hash, and the source and destination wallet addresses. This tracking capability is amplified by the public nature of many blockchain transactions, allowing the tax administration to reconstruct the path of an operation.
Spanish cryptocurrency taxation expert José Antonio Bravo, who participated in the "Accelerating Bitcoin" conference in Asunción, analyzed the new regulation. He warned that while blockchain transparency is a powerful tool for control, the level of detail required by the Paraguayan resolution may be excessive. Bravo highlighted the risk that complex regulation could end up driving taxpayers and capital to platforms abroad, an effect contrary to what the authorities desire.
Bravo also emphasized the need for balance and security. He argued that a database with detailed financial information of citizens requires rigorous cybersecurity to prevent it from falling into the wrong hands. As recommendations, he suggested Paraguay look at models from other countries, such as France and Germany, and avoid the complexity of the Spanish system, which can tax gains at up to 30% and requires intricate calculations for frequent transactions.
The expert advocated for a tax differentiation between those who use cryptocurrencies as long-term savings and those who engage in professional trading, with the latter facing a higher tax burden. The challenge for Paraguay, according to Bravo, will be to control the sector without creating a system so complex that it discourages formalization and innovation.