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Bitcoin tax regime in Romania – FAQ

In this article we provide answers to the most frequently asked questions about Bitcoin tax regime in Romania. The clarifications provided below are written by the best tax consultants and experts in taxation of cryptocurrency transactions.

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Bitcoin is a form of digital money, from the category of cryptocurrencies, created back in 2009. Bitcoin is based on a peer-to-peer network of autonomous computers, a consensual digital network, called “blockchain”. Thus, the system behind Bitcoin is a digital, decentralized one, supported only by its users, without any intermediaries or any central authority, such as a bank.

Bitcoin can be bought and sold like any other fiat currency, and Bitcoin markets, called “Bitcoin exchanges”, allow people to buy or sell Bitcoins using any type of money.

Every Bitcoin is practically a digital file on a computer that is stored in an application, called “digital wallet”, and which in turn is installed on a device such as smartphone or computer. People can send Bitcoins (or even part of one – i.e., sub-units) to your digital wallet, and you can send Bitcoins to other people.

Each transaction is recorded in a kind of public register, called blockchain.

This makes it possible to track all historical transactions with Bitcoin, thus preventing system fraud, such as stealing coins by replicating them, or canceling transactions.

As mentioned above, like any other fiat currency, Bitcoin can be bought and sold in cryptocurrency markets. Given that the value of Bitcoin fluctuates constantly in the market (Bitcoin market price can fluctuate significantly in just a few minutes), this makes it possible to make gains from these types of buy-and-sell transactions.

Thus, for investors it may seem very promising to invest in Bitcoin, even more than in transactions with shares or other types of assets, because they can generate significant short-term gains.

Historically speaking, before January 2019, the Romanian tax legislation did not regulate in any way the taxation of profits made from the trading of Bitcoin or other virtual currencies.

However, the fact that the taxation of cryptocurrencies in Romania was not specifically mentioned in the tax legislation does not mean that such gains could not be taxed by the authorities. The Romanian Tax Code (Law no. 227/2015) did not include them in any specifically defined category of income, but at the same time did not exclude such income from the general rule of taxation.

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Individuals who generate gains from Bitcoin transactions or any other digital currencies are required to pay 10% income tax in Romania.

The rest of this answer is only available to members having a Premium Expat-Center subscription. To activate the Premium account, go here.

This answer is available only to members having a Premium Expat-Center subscription. To activate the Premium account, go here.

This answer is available only to members having a Premium Expat-Center subscription. To activate the Premium account, go here.

This answer is available only to members having a Premium Expat-Center subscription. To activate the Premium account, go here.

Individuals generating gains from cryptocurrency transactions must report this income to the Romanian tax authorities by submitting the annual tax return (“Declarația unică”). Thus, all individuals are required to declare the earnings they derive each year, in the first part of the next year.

More precisely, the official deadline for submitting the annual tax return is March 15 of the year following the one during which the income is generated (for 2020, the deadline is 15 March 2021). The reporting deadline may be extended by the authorities.

The annual tax return can be submitted to Romanian tax authorities (ANAF) in both paper and electronic format. The submission in electronic format can be done through the Virtual Private Space (on ANAF’s website), as well as through the online portal e-guvernare.ro. The submission through the e-guvernare.ro website can be done only by electronic signature (based on a qualified digital certificate).

For more details on submitting the annual tax return in Romania you can also read the article: Romanian annual tax return – frequently asked questions.

This answer is available only to members having a Premium Expat-Center subscription. To activate the Premium account, go here.

This answer is available only to members having a Premium Expat-Center subscription. To activate the Premium account, go here.


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