๐ Description
Taxation is governed by the Romanian Tax Code (Codul Fiscal, art. 114-116). Cryptocurrencies are officially regulated, and gains are considered "income from other sources." Romania offers one of the lowest tax rates in Europe but applies strict rules on what constitutes a taxable event.
This guide covers the basics of Romanian legislation for individuals and the steps to follow on Waltio to obtain a suitable tax report.
๐ก Key Crypto Tax Facts in Romania
Category | Tax Rule |
Global Tax Rate | 10% (Income Tax) + CASS (Health Insurance) under conditions |
Exemption Threshold | Gains under 200 RON / transaction (max 600 RON / year) |
Crypto-to-Crypto Swaps | Taxable (Considered a property transfer) |
Passive Income (Staking...) | Taxable upon receipt |
Reporting Deadline | May 25th of the following year |
๐ Calculation and Tax Rate
In Romania, tax is calculated on your net profitโthe positive difference between your selling price and purchase price (including transaction fees).
Income Tax (PIT): The rate is fixed and very advantageous at 10% on capital gains.
Exemption Threshold: Gains below 200 RON (approx. โฌ40) per transaction are not taxed, provided the total sum of these small gains does not exceed 600 RON in the tax year.
Expert Note (CASS - Health Insurance): If your crypto income exceeds certain thresholds indexed to the gross minimum wage (usually 6, 12, or 24 minimum wages), you must also pay CASS (Health Social Insurance Contribution) equivalent to 10% of the relevant cap.
๐ Crypto-to-Crypto Operations (Trading)
This is the specific feature of Romania: the National Agency for Fiscal Administration (ANAF) considers the exchange of one cryptocurrency for another (e.g., BTC for ETH or a stablecoin) as a "transfer" of property.
Therefore, it is a taxable event.
How to set up these operations on Waltio?
Great news: Waltio's behavior is perfectly aligned with Romanian law.
By default, the software considers each Crypto-to-Crypto swap as taxable and calculates the capital gain or loss at the time of the swap. The tool will handle your calculations exactly as required by ANAF.
๐ Passive Income (Staking, Mining, Airdrops)
Romanian law states that passively generated income (mining, staking, airdrops) constitutes taxable income upon receipt, valued at the token's fair market value on that day.
How are they managed on Waltio?
To simplify accounting tracking, Waltio applies a specific default methodology:
These incomes are marked as non-taxable upon receipt.
The software assigns them an acquisition value of โฌ0.
Practical consequence: Taxation is deferred until the final sale for Fiat.
For strict compliance upon receipt: You will need to manually modify each passive gain transaction to enter its market price on the day of receipt. The operation will then be recorded as immediate income.
๐ก What Triggers Tax
Besides Crypto-to-Crypto swaps, the 10% tax is triggered during traditional exits:
Sale for currency: Converting crypto to Lei (RON), Euro (EUR), etc.
Purchase of a good or service: Using crypto to pay for a purchase.
๐ Treatment of Capital Losses
In Romania, reporting losses is highly recommended. Capital losses can be used to offset capital gains made on the same asset class (cryptocurrencies) during the same tax year.
๐ Reporting: Timeline
Tax Period: January 1st to December 31st.
Required Form: Declaraศia Unicฤ (Form 212).
Deadline: Filing and payment must be completed before May 25th of the following year via the SPV portal.
Disclaimer: This guide is for informational purposes only. Waltio does not provide tax or legal advice. Consult a certified professional in Romania.