In the Headlines
July 21, 2025
Did You Use Nequi or Daviplata for More Than $65.8 Million? Here's How You Should File Your Taxes in 2025
El Colombiano
Financial Services attorney Camilo Gantiva Hidalgo was interviewed by El Colombiano about the tax implications of using virtual wallets such as Nequi and Daviplata for filing income taxes in Colombia in 2025. Mr. Gantiva explained that the National Tax and Customs Directorate (DIAN) does not differentiate between movements in bank accounts and digital wallets, so all deposits are added together for tax purposes.
"Transferring funds between accounts does not in itself generate an income tax, but if both are your own accounts, for example, if you have a virtual wallet or a savings account, at the end of the fiscal year this will be included as part of your assets, and it is important that in either case you account for these balances when filing your tax return," he said.
READ: Did You Use Nequi or Daviplata for More Than $65.8 Million? Here's How You Should File Your Taxes in 2025
"Transferring funds between accounts does not in itself generate an income tax, but if both are your own accounts, for example, if you have a virtual wallet or a savings account, at the end of the fiscal year this will be included as part of your assets, and it is important that in either case you account for these balances when filing your tax return," he said.
READ: Did You Use Nequi or Daviplata for More Than $65.8 Million? Here's How You Should File Your Taxes in 2025