Latvia's parliament passes law taxing crypto withdrawals above deposits, with one-time 10% declaration option

Latvia's parliament passed legislation on Oct. 15 shifting crypto taxation away from taxing each trade. Withdrawals from crypto investment accounts will instead be taxed once they exceed the amount deposited. A one-time declaration option lets holders settle past obligations by paying 10% of their declared assets' end-2026 market value, with filings open April 1–May 31, 2027 and tax due by July 23. Dejus said this helps buyers lacking purchase records. Implementation could depend on coalition talks after PM Andris Kulbergs' United List won the Oct. 3 election. No payment provider or eligible cryptocurrencies were named.

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