DAC8 Reporting in Romania: Practical Guide

Romania has a growing digital economy and has been developing its approach to regulating and taxing crypto-assets. The Agentia Nationala de Administrare Fiscala (ANAF), Romania's National Agency for Fiscal Administration, is expected to oversee DAC8 reporting. This guide covers the practical aspects of DAC8 compliance for entities operating in Romania.

National Authority

The Agentia Nationala de Administrare Fiscala (ANAF) is the competent authority for tax administration in Romania, including international exchange of information under CRS and FATCA. ANAF is expected to be responsible for receiving and processing DAC8 reports from crypto-asset service providers. The Ministry of Finance (Ministerul Finantelor) oversees tax policy and the legislative transposition of EU directives.

Submission Requirements

Romania has been modernising its tax administration with digital tools, and DAC8 submissions are expected to be handled electronically.

• Format: Reports should follow the OECD CARF XML schema as mandated by DAC8. ANAF may publish additional technical specifications for Romanian submissions.
• Language: Official tax administration in Romania is conducted in Romanian. The standardised XML data fields should follow international conventions, but any accompanying documentation should be in Romanian.
• Submission channel: ANAF may integrate DAC8 reporting into its existing e-filing systems, including the Spatiul Privat Virtual (Virtual Private Space) platform. The exact submission method is to be confirmed by the authority.
• CUI/CIF number: Reporting entities will need a Romanian tax identification code (CUI - Cod Unic de Inregistrare or CIF - Cod de Identificare Fiscala) for tax filings.

Transposition Status

Romania must transpose the DAC8 directive into national law by December 31, 2025. The transposition may be achieved through a law (lege) passed by Parliament, a government ordinance (ordonanta de guvern), or an emergency ordinance (ordonanta de urgenta). Romania has had mixed experiences with meeting EU transposition deadlines. Reporting entities should monitor the Monitorul Oficial (Official Gazette) for the publication of implementing legislation.

Local Variations

Romania may introduce specific national elements:

• Crypto tax provisions: Romania taxes crypto-asset gains as income, and recent legislation has introduced specific provisions for digital assets. DAC8 data may be used to verify compliance with these domestic rules.
• ASF coordination: The Autoritatea de Supraveghere Financiara (ASF, Financial Supervisory Authority) may be involved in the regulatory framework for crypto-asset service providers under MiCA. DAC8 reporting obligations may be coordinated with ASF requirements.
• CNP collection: Romania uses the Cod Numeric Personal (CNP) for individual identification. DAC8 due diligence should include collection of this identifier for Romanian reportable persons.
• Evolving digital infrastructure: Romania's tax administration digital systems continue to develop. Reporting entities should be prepared for evolving technical requirements.

Key Dates

• Transposition deadline: December 31, 2025 (directive must be incorporated into Romanian law)
• Data collection begins: January 1, 2026 (reporting entities should start collecting relevant data)
• First reporting period: Calendar year 2026
• First reports due: 2027 (exact date to be confirmed by ANAF)

Practical Tips

• Register with ANAF: Ensure your entity is properly registered with ANAF and has access to the electronic filing systems well before the reporting deadline.
• Monitor the Monitorul Oficial: All implementing legislation will be published in Romania's Official Gazette. Check regularly for relevant laws and government decisions.
• Prepare Romanian-language capabilities: Ensure your compliance team or local advisors can handle communications in Romanian.
• Ensure CNP/CUI collection: Verify that your systems can collect and validate Romanian personal identification numbers and business codes.
• Engage with local industry: Romanian fintech and crypto-asset industry associations may provide useful insights on DAC8 implementation.
• Seek local professional advice: Consider engaging Romanian consultanti fiscali (tax consultants) with experience in international reporting and digital assets.

Important Notice

This guide provides general information about DAC8 reporting in Romania. Requirements may change as the directive is transposed into national law. The information presented here should not be treated as definitive legal or tax advice. Always consult ANAF and the Ministry of Finance for the latest official requirements. For specific compliance questions, seek advice from qualified Romanian tax professionals.