Romania Tax Agency Issues Guide on Taxation of Income from Digital Currency Transfers

The Romanian National Agency for Fiscal Administration Dec. 17 issued a guide on the taxation of income earned by individuals from the transfer of digital currency. Topics covered include: 1) the obligation to declare income in a single tax return; 2) a 10 percent tax rate applied to profits; 3) tax exemptions for transactions below 200 Romanian lei (US$45) under a condition that total annual earnings do not exceed 600 lei (US$136); 4) a tax payment deadline; and 5) a clarification on the payment of social health insurance contributions. [Romania, National Agency for Fiscal Administration, 12/17/21]

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