The Romanian Parliament has adopted an amendment to the Fiscal Code, exempting crypto investment gains from income tax until July 2025.
Changes in Tax Policy
The amendment states that income from crypto transactions will be exempt from the 10% income tax until July 2025. However, if earnings exceed 6, 12, or 24 times the minimum wage, health insurance contributions are required.
Benefits of Tax Exemption
Tax exemption aims to enhance transparency in crypto transactions and align the crypto market with the national economy, potentially increasing the monetary flow into Romanian banks.
Future Global Changes in the Crypto Industry
Following the 2025 US elections, significant changes are anticipated for the crypto industry, including the establishment of a strategic Bitcoin reserve. Countries like Poland and El Salvador are already moving in this direction.
The Fiscal Code amendment in Romania promotes crypto market growth and investment influx, offering new opportunities for the country's economic expansion.
