Latvia Targets 2027 for Crypto Tax Payments as Lawmakers Revise Rules
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Latvia’s parliament has approved a change to crypto taxation, shifting the focus from individual trades to withdrawals that exceed deposits.
Latvia’s parliament has passed legislation changing how cryptocurrency activity is taxed, according to CoinDesk. The new approach focuses on withdrawals exceeding deposits instead of taxing each trade separately.
The legislation also includes a one-off declaration process. The source report did not provide details about its requirements or implementation.
Separately, Latvia is looking toward 2027 for tax payments using cryptocurrency. That remains a target rather than a confirmed launch date.
Source: CoinDesk
