If your tax residence is Romania, a portion of your annual crypto gains may be exempt from income tax. This article explains the rule and shows you how to apply it to the Capital Gains Report exported from Summ.
๐ Note: Summ does not currently apply this exemption automatically. You will need to compute the adjustment yourself from your exported Capital Gains Report. The steps below take under 10 minutes.
Overview
Romanian tax law (Article 116 of Law 227/2015) allows an exemption on small crypto gains in a calendar year, subject to two cumulative conditions:
Per-disposal test. Each individual disposal must produce a gain of less than 200 RON.
Annual cap. The total of those qualifying gains across the whole year must not exceed 600 RON.
If both conditions are met, the qualifying gains are exempt from income tax. If the annual total exceeds 600 RON, the exemption is lost for the entire year โ all gains become taxable. It's all or nothing.
๐ Note: Gains realised on or before 31 December 2025 are taxed at 10%. Gains from 1 January 2026 onwards are taxed at 16% (Law 239/2025). The exemption rule itself is unchanged.
Step by step
1. Download the Capital Gains Report.
After reconciling all your data and you are ready to report, head to the Reports page. Ensure the desired tax year is selected from the year selector on the top of the page and Download a Capital Gains Report. Make sure to acquire the CSV option and not the PDF.
2. Find your qualifying disposals.
Open the CSV in Excel, Google Sheets, or any spreadsheet tool, then:
Filter rows where the Gain column is greater than 0 and less than 200 RON.
Sum the Gain column for those filtered rows. Call this EXEMPT_TOTAL.
3. Apply the annual cap.
Result | What to do |
EXEMPT_TOTAL โค 600 RON | Exemption applies. Subtract EXEMPT_TOTAL from the year's total taxable gain when filing Form 212 (Declaraศia Unicฤ) with ANAF via Spaศiul Privat Virtual. |
EXEMPT_TOTAL > 600 RON | Exemption is lost. Report the year's total taxable gain exactly as the app calculates it, with no adjustment. |
Worked examples
Example 1: Under the cap โ exemption applies
# | Asset | Disposal date | Proceeds (RON) | Cost basis (RON) | Gain (RON) | EXEMPT_TOTAL |
1 | BTC | 2025-02-10 | 5,400 | 5,200 | 200 | โ |
2 | ETH | 2025-04-22 | 800 | 700 | 100 | 100 |
3 | SOL | 2025-07-09 | 1,200 | 1,050 | 150 | 150 |
4 | BTC | 2025-09-30 | 12,000 | 6,000 | 6,000 | โ |
5 | ADA | 2025-11-14 | 600 | 550 | 50 | 50 |
|
|
|
|
| 6,500 RON | 300 RON |
Disposals with a gain between 0 and 200 RON (exclusive): rows 2, 3, and 5.
EXEMPT_TOTAL = 100 + 150 + 50 = 300 RON
300 RON is under the 600 RON cap, so the exemption applies.
App's reported total taxable gain: 6,500 RON
Adjusted taxable gain to file with ANAF: 6,500 โ 300 = 6,200 RON
Example 2: Over the cap โ exemption lost
# | Asset | Disposal date | Proceeds (RON) | Cost basis (RON) | Gain (RON) | EXEMPT_TOTAL |
1 | BTC | 2025-02-10 | 5,400 | 5,200 | 200 | โ |
2 | ETH | 2025-04-22 | 850 | 700 | 150 | 150 |
3 | SOL | 2025-07-09 | 1,250 | 1,050 | 200 | โ |
4 | ADA | 2025-09-12 | 700 | 550 | 150 | 150 |
5 | DOGE | 2025-10-30 | 730 | 550 | 180 | 180 |
6 | MATIC | 2025-11-14 | 750 | 600 | 150 | 150 |
7 | LINK | 2025-12-02 | 700 | 550 | 150 | 150 |
8 | BTC | 2025-12-30 | 12,000 | 6,000 | 6,000 | โ |
|
|
|
|
| 7,180 RON | 780 RON |
Disposals with a gain between 0 and 200 RON (exclusive): rows 2, 4, 5, 6, and 7.
๐ Note: Rows 1 and 3 have gains of exactly 200 RON and are not included in EXEMPT_TOTAL. The threshold is strictly less than 200 RON.
EXEMPT_TOTAL = 150 + 150 + 180 + 150 + 150 = 780 RON
780 RON exceeds the 600 RON cap, so the exemption is lost for the entire year.
Amount to file with ANAF: 7,180 RON, with no adjustment.
๐ Note: Once EXEMPT_TOTAL crosses 600 RON, you cannot exempt the first 600 RON and tax only the excess. Every small gain that would have qualified becomes taxable too.
Things to watch for
A 200 RON gain is taxable. The threshold is strictly less than 200 RON. A disposal with a gain of exactly 200 RON is included in your taxable total.
Each disposal is evaluated individually. Do not aggregate by day, by asset, or by exchange before applying the 200 RON test.
Crypto income is separate. Mining rewards, staking rewards, airdrops, and similar income events are taxed under different rules and are not part of the 600 RON cap. Do not include them in EXEMPT_TOTAL.
Important: This article is not professional tax advice, and tax law and ANAF interpretation can change. For anything material, please work with a Romanian tax adviser.
Still need help?
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