Latvia's parliament, the Saeima, passed amendments on October 15, 2026 creating a one-time window for residents to declare crypto-asset holdings, according to Crypto Briefing. Under the measure, individuals can declare crypto they hold as of December 31, 2026 and pay a flat 10% tax on the market value of those assets on that date.
The outlet reports the declaration window itself opens April 1, 2027, with a payment deadline of July 23, 2027. The scheme applies to holdings at EU-licensed Crypto Asset Service Providers as well as self-custodied assets, though people already under tax proceedings tied to crypto income are excluded, Crypto Briefing reports.
Separately, Latvia is introducing an investment-account model for crypto-assets in which tax is only triggered when withdrawals exceed the original amount invested, meaning individual trades inside such an account are not taxed one by one. These accounts will be offered through providers licensed under the EU's Markets in Crypto-Assets regulation, according to the report. Latvia has also waived a 3% levy on non-residents for the period from 2025 to 2027.
Crypto Briefing notes the framework is designed to line up with the EU's DAC8 directive, which governs automatic exchange of tax information between member states. The report says the Cabinet is expected to issue supporting regulations by December 30, 2026 to make the system operational. It remains unclear whether that deadline will be met, how the 10% rate would be applied if asset values swing between the December valuation date and the April declaration opening, and what penalties apply for residents who fail to declare eligible holdings, per the outlet.
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