Crypto tax: Romania’s financial watchdog introduces new regulations
— Income, Related operations, Anti, Keep track, Germany, Change comes, Campaign public, Crypto, Sent letters, Legal environment — 1 min read
Romania's National Agency for Fiscal Administration has identified €50 million of undeclared gains. Tax authorities are investigating cases where taxpayers have not reported income from digital assets. Agency targets over 60 Romanian citizens who, as ANAF established, made €131 million in crypto revenues between 2016 and 2021. Those who fail to comply will face fines or even criminal charges. Germany recently revised its tax policy for trading virtual assets in bitcoin and ether, which won't be taxed for more than one year. EU-wide rules for the industry will apply to various cryptocurrency transactions in the coming years to apply to all transactions on the blockchain and non-fungible tokens (NFTs), which will be regulated by the European Commission and the European Economic Court of Justice. Source