On 28 September 2026, the State Tax Inspectorate (VMI) amended the Order No. VA-119 of 10 December 2025 regarding the procedure for submitting data on crypto asset users to the tax authority. The amendment, formalized by Order No. VA-63 dated 24 September 2026 (TAR 2026-09-24 No. 2026-14322), expands the scope of reportable transactions and introduces stricter deadlines for crypto service providers. The changes align with the EU’s DAC8 directive and national Law on Tax Administration, requiring platforms to report detailed user identification, transaction volumes, and wallet addresses. The new rules apply retroactively to transactions from 1 January 2026, with the first reporting deadline set for 31 January 2027.
Key Takeaways
- Expanded Reporting Scope: Crypto asset service providers must now report not only sales and exchanges but also transfers between wallets, staking rewards, and decentralized finance (DeFi) interactions, significantly increasing compliance burden.
- Shortened Submission Deadlines: Monthly reporting replaces the previous quarterly schedule, with data due by the 15th of the following month, requiring automated reporting systems.
- Enhanced Data Granularity: Reports must include user tax identification numbers, wallet public keys, transaction timestamps in UTC, and fiat-equivalent values at transaction time, enabling precise tax base calculation.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement