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The 12 important fiscal details regarding the earnings obtained from transactions with virtual currencies

The 12 important fiscal details regarding the earnings obtained from transactions with virtual currencies

Authors: Stela Andrei, Partner, Income Tax and Social Contributions, EY Romania and Cristina Cristea, Senior Manager, Income Tax and Social Contributions, EY Romania

Profits from transactions with cryptocurrencies are declared and taxed if they were capitalized in a classic currency, goods or services

Non-declaration and evasion of tax obligations on earnings thus obtained bears the same consequences as in the case of any other undeclared income

Voluntary compliance in the declaration of income from transactions with virtual currencies eliminates the risk of unwanted consequences following ANAF checks

For more information, please see the Romanian version of the article, here.

 

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ERNST & YOUNG SRL