Romania is a relatively large economy in the EU, and cryptocurrencies are popular there. However, crypto regulation is still in its infancy.
Romania is a relatively large economy in the EU, and cryptocurrencies are popular there. However, crypto regulation is still in its infancy.
Romania has a Minor danger security level according to our rating. Jurisdiction has 67.2 points (from 100) for safety level in Numbeo crime rating (1). Homicide level (2) is 1.3 per 100,000 inhabitants a year. Story of firearm-related death (3) 0.14 per 100,000 inhabitants a year.
How your crypto is taxed will depend (4) on the transaction you’re making and whether it’s viewed as a capital gain or income.
You’ll have a profit or a loss when you dispose of crypto. Disposals of crypto include:
Selling crypto for fiat currency (including using a Bitcoin ATM).
Swapping one cryptocurrency for another.
Spending crypto on goods and services - like a barter transaction.
Any of the transactions above is a taxable event. As such, any time you sell, swap, or spend crypto, you’ll need to calculate your gain or loss.
No data.
In Romania there is crypto regulation part included into the AML law: those who provide exchange services between virtual and fiat currencies and digital wallet providers must (5) authorize/register with the commission to approve foreign exchange activity. Article 301, introduced by the normative act, regulates and details how a legal person can write for this purpose and the conditions it must meet.
Regulating cryptocurrency and related businesses in Romania is still evolving (6). Currently, there is no specific legislation governing the use of cryptocurrencies. Still, the Romanian National Bank has issued statements warning of their risks and encouraging caution in their use.
Romania announced a temporary 0% tax on crypto gains until the middle of 2025 in 2024. However, MiCA implementation in Romania is going slowly. Still, there is no VASP register in Romania for November 2024. A new regulation will probably be published at the beginning of 2025.
Tax name | Index |
PIT tax Min | 0 |
PIT tax Max | 10 |
Corporate tax (CIT) | 16 |
Min Individual CGT (for crypto) | 10 |
Max Individual CGT (for crypto) | 16 |
Wealth tax Min | 0 |
Wealth tax Max | 0 |
A flat personal income tax (PIT) rate of 10% is generally based on PWC(7).
The standard CIT rate is 16% for Romanian companies, according to PWC(8).
Capital gains are subject to the regular CIT rate of 16% under PWC(9).
1)Crime Index by Country 2023 Mid-Year
2)List of countries by intentional homicide rate
3)List of countries by firearm-related death rate
4)Crypto Tax Guide Romania 2023. Article
5)Romania Is on the Way to Blockchain and Crypto Regulation. Article
6)Crypto-assets: temporary trend or key elements for the digital market’s growth? Article
7)Individual - Taxes on personal income. PWC
8)Corporate - Taxes on corporate income. PWC
9)Overview. PWC
Last update: November 2024
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