The new government of Romania is planning to implement a tax policy on profits obtained from cryptocurrency transactions as well as income generated from social media platforms. This is part of an effort to expand the tax base and strengthen management of digital income sources in this rapidly developing digital economy of the Eastern European country.
Taxing income from cryptocurrencies like Bitcoin, Ethereum, and other digital assets is becoming a trend in many European countries, with Romania being one of the next countries to implement this. Additionally, income from online activities such as creative content, advertising, livestreaming, or brand collaborations on social media platforms like YouTube, TikTok, Instagram, and Facebook will also be subject to taxation under the government's new plan.
This move not only reflects a determination to enhance financial transparency but also shows that Romania is gradually building a legal framework in line with modern technological and digital financial trends. If approved, the new tax policy will have a significant impact on individuals and organizations operating in the cryptocurrency field as well as influencers in Romania.
