Romanian tax authority checks revenues from cryptocurrency trading.
Authorities in Romania are going after investors who failed to report revenues from crypto trading and pay tax. The offensive is part of efforts to respond to financial trends, the country’s tax body said in a statement, unveiling it was able to identify almost €50 million of undeclared crypto gains.
According to a report by the Romanian business news portal Economica.net, the tax inspectors have found that digital assets worth a total of €48.67 million were missing from their tax returns. Тhe agency has so far ordered the recovery of some €2.10 million in unfulfilled tax obligations. The Romanian tax authority intends to also check revenues from various other crypto-related operations, such as mining or trading of non-fungible tokens . It said the goal is to increase budget receipts and voluntary compliance among all categories of taxpayers.
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