The local media inform that Romania has made amendments to tax laws, approving a 10% tax on the profits from the investments in cryptocurrency.
Read more: https://www.xmlgold.eu/en/news/article/798/romania-tax-cryptocurrency-trading/
Is it just trading or possession? I mean what if someone sells a product and gets crypto in return? Do we know what happens to those people? Are they not taxed? Are they taxed the same way they would if they sold it for fiat currency? What about the freelancers? They do not even sell anything, they provide a service and they get paid?Read more: https://www.xmlgold.eu/en/news/article/798/romania-tax-cryptocurrency-trading/
It is great that countries are making laws for crypto, it makes the crypto world a lot more legit however we need the laws to be more precise and more comprehensive, this just concludes one part of the crypto world which is trading but it leaves out a bunch of other stuff unanswered and without that people could be taking advantage of these things. Looking at the USA example the countries that tax the trading depend on the exchanges and the information they give but it takes just one bad exchange to make the trust go away.
