Romania’s fiscal agency, ANAF, announced on Friday that all Romanian citizens living abroad for more than 6 months in a year are required to fulfill a tax declaration, less than two months after the Swiss tax administration said that it excluded the Eastern European country from financial accounts information exchange because it doesn’t meet the international requirements on confidentiality and data security.
According to ANAF, all Romanians living abroad for more than 183 days in a year – as well as foreign citizens living in Romania for more than 6 months in a year – are required to fulfill a standard tax declaration.
The announcement comes just days after a Romanian posted on Facebook that he was summoned by ANAF to declare his revenues in Iceland.
At the end of September, the Federal Tax Administration (FTA) of Switzerland has for the first time exchanged financial account information with other states.
However, two EU member states are excluded from financial accounts information exchange.
“Cyprus and Romania are currently excluded as they do not yet meet the international requirements on confidentiality and data security,” the Swiss Federal Tax Administration said on Friday, in a press release.
During the last decade, around 3.5 million Romanians have gone abroad to escape poverty and widespread corruption in their own country, according to a recent UN International Migration Report.