Paraguay Updates Crypto Reporting Rules for Residents
The DNIT now requires crypto platforms to report user transactions exceeding $5,000 per year, including wallet addresses and transaction hashes. While foreign-sourced income remains untaxed under the territorial system, expats using local platforms must prepare for increased financial transparency and oversight.
Paraguay Updates Crypto Reporting Rules for Residents
The Paraguayan National Directorate of Tax Revenue (DNIT) recently issued General Resolution No. 47/26, establishing a new reporting framework for cryptocurrency activities. Under these rules, any resident or platform facilitating crypto transactions exceeding $5,000 in total annual value must file a formal disclosure. This move aligns Paraguay with international anti-money laundering standards while maintaining its attractive territorial tax system.
The reporting requirement covers a wide range of activities, including buying, selling, mining, staking, and yield farming. Even transfers between personal wallets, airdrops, and NFT transactions fall under the new mandate if they meet the valuation threshold. While this increases the paperwork for active traders, it does not introduce new taxes; foreign-sourced crypto gains remain tax-free for those living in the country.
Who is affected
The resolution impacts tax residents, including digital nomads and expats who have established residency in Paraguay. Local crypto platforms, decentralized exchanges (DEXs), and DeFi protocols operating within the country are also required to report user data. Short-term tourists and travelers are generally exempt unless they stay long enough to trigger tax residency. If you use non-resident platforms or hold assets in private, non-custodial wallets, you are still responsible for self-reporting if your annual volume tops $5,000.
What to do
If you meet the reporting threshold, you must register for the RUC (Taxpayer Identification Number) under obligation 959-DJI. Filings are submitted through the Marangatu system via a form called the Declaración Jurada Informativa de Criptoactivos (DJIC). You will need to provide granular data for each transaction, including:
- The date, time, and transaction hash
- Wallet addresses for both origin and destination
- The specific cryptocurrency name, quantity, and its USD value at the time of the event
The first filings for the 2026 fiscal year are due in March 2027. Failing to file or submitting late reports carries a fine of approximately ₲1,000,000 (roughly $130). Staying compliant is vital for those looking to maintain smooth nomad news and banking relationships within the country.
Read our full Paraguay guide for the complete picture.