Romania’s New Crypto Tax Rules: Understanding the 2026 Changes

Key Points

• Romania plans to introduce more transparent crypto regulations by 2026, including mandatory data transmission from trading platforms to tax authorities.
• This move aligns with international Crypto-Asset Reporting Framework standards and EU directives on tax information exchange.

Romania is set to enact clearer and more transparent cryptocurrency regulations by 2026.

The government has recently passed an Emergency Ordinance that modifies the Fiscal Procedure Code. This mandates that cryptocurrency trading platforms automatically share user data with ANAF, the Romanian tax authority.

Global Crypto Regulation Trends

This move is in line with the global trend of increased adoption and implementation of clear crypto regulations. The US and EU have been leading this trend, particularly through the MiCA framework.

According to reports by Digi24.ro on November 12, Romania’s latest move is in accordance with the international Crypto-Asset Reporting Framework standard and the EU directives on the automatic exchange of tax information.

The new regulation aims to combat tax evasion and increase transparency in the local cryptocurrency market.

New Reporting Requirements

Under the new rules, all cryptocurrency service providers, including those outside Romania serving Romanian resident users, will need to register with ANAF and submit annual information on transactions.

The data to be reported includes user ID data, the value of assets traded, transferred, or converted, and their values at the time of operations.

This will allow ANAF to track the complete evolution of users’ portfolios, facilitating the calculation of taxable income and gains without relying on voluntary declarations.

Platforms that fail to comply with these reporting obligations risk fines between 50,000 and 150,000 RON. In cases of noncompliance, access to these platforms could be blocked in Romania.

This regulation is part of a broader framework adopted by the EU on October 17, 2023.

EU Taxation Rules

The DAC8 (Directive 2023/2226) was published in the Official Journal L, 2023/2122 on October 24, 2023.

This directive followed the Council’s report on tax issues in December 2021, which indicated that the EC was expected to present a legislative proposal in 2022 for further revisions in the field of taxation, specifically concerning the exchange of information on crypto tax rulings for wealthy individuals.

The Directive covers a wide range of cryptocurrencies, using definitions set out in the MiCA framework, including stablecoins, decentralized cryptocurrencies, and NFTs.

The new Directive came into effect on November 13, 2023, and EU member states have until December 31, 2025, to implement these rules into their national law, as reported by Eucrim.eu.

Cryptocurrency adoption is growing across Europe, and Romania is playing a significant role in the development and adoption of blockchain technology.