Individual investors who earn profits from cryptocurrency transactions will no longer benefit from the temporary income tax exemption, as the measure was removed during the legislative process.
🏛️ Legislative Background
A draft law initially proposed exempting income from cryptocurrencies from taxation until 31 July 2025.
However, the Senate adopted the proposal without this provision, following a re-examination request from the President of Romania.
The bill will now be debated and voted on by the Chamber of Deputies in its revised form, without the exemption clause.
💬 Original Objective
The initiators aimed to increase market transparency and encourage investors to transfer crypto earnings into Romanian bank accounts, thereby enhancing the confidence of financial institutions regarding the legal origin of such funds.
⚖️ Current Situation
As the exemption has been removed, cryptocurrency gains continue to be taxed under the standard fiscal rules of the Fiscal Code.
📘 Current Taxation Rules
Under the Romanian Fiscal Code, income from cryptocurrency transactions is classified as “income from other sources”, subject to the following rules:
- 💰 Income Tax: 10% applied to the net gain (positive difference between sale price and purchase price);
- 🧾 Single Tax Return: the tax is calculated and paid through the annual single tax declaration;
- ⚙️ Non-Taxable Threshold: gains below RON 200 per transaction are tax-exempt, provided total annual gains do not exceed RON 600;
- 🏥 Health Insurance Contribution (CASS): depending on total income, individuals may also owe a 10% health contribution.
⚠️ Note
Since the exemption has been removed, any gain exceeding the above thresholds remains subject to taxation under current legislation.