Latvia Changes Crypto Tax Treatment And Opens A 2027 Declaration Window

Latvia has passed a change to the way crypto investment-account gains are taxed, shifting attention from individual trades to what an investor ultimately withdraws from an eligible account.
TL;DR: New Latvian legislation taxes qualifying account withdrawals above deposits and provides a one-time 2027 process for declaring older holdings. The country is also considering crypto tax payments, but that payment service is not yet established.
The reform passed parliament on October 15. Under the inve