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 total deposits, rather than taxing each in-account trade. Investors must track deposits and withdrawals. A one-time declaration process will let eligible holders regularize 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 by July 23. Separately, officials are considering a way to pay taxes in crypto, but no service or operational details have been established.
