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Wednesday, July 17, 2024

Government proposes 5% tax on liquidation of cryptocurrency

By: P.T., STA

The government adopted a bill that would impose a 5% tax on natural persons when they turn their cryptocurrency into a fiat currency or buy goods or services, but only if the sum exceeds EUR 10,000 a year.

The government proposed the bill be rushed through the National Assembly. When passed, the tax would apply to the sums redeemed since the date it came into effect.

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