Romanian tax authority ANAF targets overseas earnings, warns of 70% penalty

The National Agency for Fiscal Administration (ANAF) is preparing checks on income earned abroad by Romanian citizens who remain fiscal residents in Romania. It will issue notifications to those who may have an obligation to declare the earnings in Romania. For the 2025 fiscal year, 58,524 taxpayers filed returns showing taxable income exceeding 5 billion lei (about €1 billion), with 77 % derived from investments.

ANAF’s focus is on individuals whose foreign income was not reported because they retained Romanian tax residency. Those who do not clarify their situation may face an automatic assessment and a 70 % tax on income whose source cannot be justified. Specialists note that Romanians who have established tax residency abroad and paid tax there generally do not owe additional Romanian tax. Prizes earned abroad are also subject to reporting, according to tax expert Cornel Grama and Alex Anghel, co‑founder of an accounting app.