Latvia has adopted amendments changing how cryptocurrency investments are taxed. Under the new investment-account regime, tax becomes payable when withdrawals exceed the amount deposited, rather than on every individual trade. The arrangement is intended for accounts offered by EU-licensed crypto-asset service providers. It does not automatically apply to every personal wallet or exchange account.
The law also creates an optional one-time declaration for cryptoassets held on December 31, 2026, including eligible self-controlled addresses. Participants would pay 10% of the assets’ market value on that date, which then becomes their acquisition value for future tax calculations. Declarations are scheduled for April 1 to May 31, 2027, with payment due by July 23.
Separately, an adviser to Latvia’s prime minister said paying taxes with cryptocurrency could become possible in 2027, but implementation is not yet confirmed. The changes are relevant to holders of assets such as $BTC and $ETH
The law also creates an optional one-time declaration for cryptoassets held on December 31, 2026, including eligible self-controlled addresses. Participants would pay 10% of the assets’ market value on that date, which then becomes their acquisition value for future tax calculations. Declarations are scheduled for April 1 to May 31, 2027, with payment due by July 23.
Separately, an adviser to Latvia’s prime minister said paying taxes with cryptocurrency could become possible in 2027, but implementation is not yet confirmed. The changes are relevant to holders of assets such as $BTC and $ETH