How are cryptocurrency transactions taxed in Romania?

3 answers

• Luka BilbaoDec 03, 2020 · 5 years ago
  In Romania, cryptocurrency transactions are subject to taxation. The tax treatment of cryptocurrencies depends on whether you are an individual or a business. For individuals, cryptocurrency transactions are considered capital gains and are subject to a flat tax rate of 10%. However, if you hold the cryptocurrency for more than one year, you may be eligible for a reduced tax rate of 0%. For businesses, cryptocurrency transactions are treated as income and are subject to the corporate tax rate, which is currently 16%. It's important to keep accurate records of your cryptocurrency transactions and consult with a tax professional to ensure compliance with Romanian tax laws.
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• Nam LeJul 30, 2024 · a year ago
  Cryptocurrency transactions in Romania are taxed differently for individuals and businesses. As an individual, you will be subject to a flat tax rate of 10% on your capital gains from cryptocurrency transactions. However, if you hold the cryptocurrency for more than one year, you may qualify for a reduced tax rate of 0%. On the other hand, businesses are required to pay corporate tax on their cryptocurrency transactions at a rate of 16%. It's crucial to keep track of your transactions and consult with a tax advisor to ensure that you are meeting your tax obligations in Romania.
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• nayuJan 13, 2022 · 4 years ago
  According to the tax regulations in Romania, cryptocurrency transactions are subject to taxation. For individuals, the tax rate on capital gains from cryptocurrency transactions is 10%. However, if you hold the cryptocurrency for more than one year, you may be eligible for a reduced tax rate of 0%. Businesses, on the other hand, are subject to a 16% corporate tax on their cryptocurrency transactions. It's important to note that these tax rates are subject to change, so it's advisable to stay updated with the latest tax laws and consult with a tax professional to ensure compliance.
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