Latvia is moving fast on crypto tax. On Thursday the Saeima passed a law that taxes crypto when you withdraw more than you put in, not on every trade.
There's a one-time option too. Declare what you hold at its Dec 31, 2026 value, pay 10%, and that value becomes your new cost basis.
Today a government adviser told CoinDesk that paying taxes in crypto should come in 2027.
Would a 10% clean slate tempt you?
#Latvia #cryptotax #Regulation
Source: Saeima press release, Oct 15; CoinDesk, Oct 18.
There's a one-time option too. Declare what you hold at its Dec 31, 2026 value, pay 10%, and that value becomes your new cost basis.
Today a government adviser told CoinDesk that paying taxes in crypto should come in 2027.
Would a 10% clean slate tempt you?
#Latvia #cryptotax #Regulation
Source: Saeima press release, Oct 15; CoinDesk, Oct 18.