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Romania Imposes Bitcoin & Crypto Profit Tax at 10% Rate
Romania’s improved crypto profit tax is imposed on the earning or gains rather than revenue earned from cryptocurrency investments. From now on the Bitcoin earning (instead of revenue) are needed to be declared in the annual income statement at the time of tax filing. Reports say the crypto earning that are less than 200 Romanian ron are exept from taxing. The reported 10% Bitcoin and crypto profit tax will be imposed only when the profit earned from cryptocurrency investments exceed a cumulative 600 Romanian ron in a specific tax year.