Romania carries out raids as part of the crypto tax background examination-taxes

The authorities in Romania have carried out more than a dozen raids against people who are suspected of having hidden income from cryptocurrency surgery. The searches took place at the end of 2022 following an earlier examination, in which it was found that crypto retailers had failed to report digital assets worth over $ 50 million.

law enforcement and tax authorities in Romania go according to

Police and tax officials in Romania carried out 17 raids in the course of an investigation against people who were accused of bypassing taxes in the course of an investigation by dismissing profits from transactions with cryptocurrencies.

addresses were searched in the capital Bucharest and in the districts of Dâmbovița, Ilfov and Olt, according to Cristian Roman, partner of the law firm Iordăchescu & Asociații, who shared the information with Romania Journal.

The lawyer referred to data from the Romanian police. The law enforcement authorities of the EU state claim that between 2019 and 2022 19 target persons have joined or joined them for the purpose of tax evasion of an organized criminal association.

The taxable income that they tried to disguise had been achieved from transactions with digital currencies, the investigators claim. According to preliminary estimates, their activities have led to losses for the state budget of a total of 3 million Romanian Lei (almost $ 650,000).

The tax authority tries to improve the compliance of the crypto taxpayers

The operation was carried out after the unit to combat tax fraud of the National Agency for Tax Administration (ANAF) a probe last summer in revenues from Circumced crypto trading between 2016 and 2021 via various platforms such as Binance, Kucoin, Mair, Bitmart and the now bankruptcies ftx .

Anaf said that their measures were part of a advance to increase taxation and compliance with the regulations by taxpayers. In accordance with the changes to the Romanian Tax Code passed by Parliament in 2019, income from the transfer of virtual currencies with a tax rate of 10 % on capital gains can be taxed that exceed 600 Lei (approx. 130 USD).

Do you think that the Romanian tax authorities will continue to check crypto dealers and taxpayers? Tell us in the comment area below.

lubomir Tassew

lubomir Taskensev is a journalist from the technically experienced Eastern Europe, to the Hitchen's quote: "To be a writer is what I am and not what I do." In addition to crypto, blockchain and fintech, international politics and business are two other sources of inspiration.

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