Latvia approves one-off crypto declaration at 10% tax rate
- —A flat 10% rate applies to crypto assets held on Dec. 31, 2026
- —Declarations run from April 1 to May 31, 2027, with one correction allowed by June 30
- —Tax must be paid by July 23, 2027 via the state's single tax account
- —A new investment account taxes only withdrawals above deposits, not individual trades
Why it matters: Latvia lets holders legalize old crypto without purchase records and shifts to taxing withdrawals rather than every trade.
Source: Kryptoszene