What are the tax implications for buying and selling cryptocurrencies in Romania?

1 answers

• Don CamAug 16, 2020 · 5 years ago
  As an expert in the field, I can tell you that the tax implications for buying and selling cryptocurrencies in Romania can be complex. The Romanian government treats cryptocurrencies as assets, and any gains from selling them are subject to capital gains tax. The tax rate for capital gains depends on the holding period of the cryptocurrency. If you hold the cryptocurrency for less than one year, the gains are taxed at a higher rate. However, if you hold the cryptocurrency for more than one year, the gains are taxed at a lower rate. It's important to consult with a tax professional who is familiar with cryptocurrency taxation in Romania to ensure compliance with the law.
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