| Summary: | As virtual currencies became more common and utilized
by various users, companies or individuals, the question
about if and how to tax for them could no longer be
ignored. The rise and fall of Bitcoin in the last year, the
increasing number of Initial Coin Offerings and the
growing number of virtual currencies being launched
recently, made everyone alert to the topic. This is why,
lately, more and more regulators chose to come up with
clarifications about how to account (and tax) for virtual
currencies. Romania, unfortunately, is not one of those
countries that chose to adapt their legislation to take into
account virtual coins. Ambiguity governs the use of
virtual currencies, their nature and the rules to account
for transactions involving virtual currencies.
In this paper, we analyze the difficulties faced by the
corporate entities which use virtual currencies in their
activity and so have to pay corporate tax.
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