Tax on income obtained as a result of the conversion of a quantity of cryptocurrencies into ordinary currency, calculated by the tax authority following the preparation by the taxpayer of the Unique Declaration on income tax and social contributions

DREPT ADMINISTRATIV ŞI DREPT FISCAL

Abstract

Although the legislative framework at the time of the cryptocurrency transfer did not regulate this type of transfer, its revenue-generating nature is indisputable. Given that, on the one hand, the taxpayer himself completed and submitted to the tax authority the Declaration 212 in which he qualified the income thus obtained as coming from the transfer of securities and any other transactions with financial instruments and, on the other hand, he did not prove the exchange of cryptocurrency, the decision of the tax authority to tax the income thus declared is correct.