Latvia Changes Crypto Tax Treatment And Opens A 2027 Declaration Window
Summary
Latvia’s parliament passed a crypto tax reform on October 15 that taxes gains when withdrawals from eligible investment accounts exceed contributions, rather than automatically taxing every exchange within the account. Investors must retain records of deposits and withdrawals. A one-time process will let eligible holders declare older crypto positions at a 10% charge based on their value at the end of 2026; applications are scheduled for April 1–May 31, 2027, with payment due July 23. Separately, officials are considering accepting crypto for tax payments, but no service or operational details have been established.
