Paraguay’s tax authority introduces a new crypto asset reporting mechanism
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Reported by Bijie Network: According to Bijie Network and as reported by criptonoticias, the Paraguayan tax authority has introduced a new crypto asset declaration mechanism. Residents and relevant platforms whose annual crypto transaction volume exceeds $5,000 are required to declare information such as transaction time, amount, fee, transaction hash, source and destination addresses, and wallet type. The regulation covers activities including BTC, stablecoins, NFTs, staking, lending, and mining. Foreign wallets and direct peer-to-peer transactions without intermediaries are also included. The first reporting year will be 2026, with related declarations due in March 2027.
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