Latvia plans a one-time 10% crypto tax declaration window in 2027

Latvia wants its residents to come clean about their crypto, and it is offering a discount to do it. On October 15, 2026, the Saeima, Latvia’s parliament, adopted urgent amendments to the Law ‘On Personal Income Tax’. The changes overhaul how the country taxes crypto-assets and set up a one-time declaration window in 2027. The headline feature is a flat 10% tax on declared holdings. How the declaration window works Individuals get a single chance to declare crypto assets they hold as of December 31, 2026. The 10% rate applies to the market value of those assets at that point. The scheme covers two kinds of storage. Assets held in accounts with EU-licensed Crypto Asset Service Providers, known as CASPs, qualify. So do coins sitting in self-custodied addresses. The timeline is tight but clearly defined: Declaration period: April 1 to May 31, 2027 Amendment deadline: one correction allowed until June 30, 2027 Payment deadline: July 23, 2027, paid into the unified tax account There is also a notable exclusion. People already facing proceedings over tax issues tied to crypto income cannot use the new provisions. An investment account for crypto The second major change targets how crypto...