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.
Tax Authority in Romania Verifies Gains From Cryptocurrency Trading
Romania’s National Agency for Fiscal Administration (ANAF) announced this week that officials from its department responsible for prevention of tax evasion and fraud have initiated inspections to establish the revenues received from digital coin trading on various platforms like Binance, Kucoin, Maiar, Bitmart, and FTX.
The checks have been presented as a move within the tax authority’s new strategy to “adapt to the evolution of technology and financial market trends.” They targeted 63 Romanian citizens who, as ANAF established, made 131 million euros in crypto revenues between 2016 and 2021.
According to a report by the...
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