Crypto tax in Latvia (2026): rules, rate and deadlines

The main crypto tax rules for private investors in Latvia, in plain language, with the official sources.

Checked November 2026Information, not tax advice

25.5%

on gains when you cash out (from 2025)

0%

on swaps between cryptos

10%

optional one-time declaration on the value at 31 Dec 2026

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The rules

The rules in Latvia in short

Checked November 2026
What is taxed
Disposing of crypto for money, goods or services. Swaps between cryptos are not taxed until you dispose of the coins received. Crypto received as pay for goods or services is business income.
Rate
25.5% on the gain from 2025 (20% for deals before 2025). An extra 3% applies when your total yearly income is above €200,000.
Not taxed
Swaps between cryptos and moving coins between your own wallets. There is no tax-free amount: the €1,000 figure only decides whether you file quarterly. How staking and airdrops are taxed is not settled.
Holding period
No holding period. FIFO or weighted average, kept for at least 10 years (FIFO here); documented fees count; a cost you cannot prove counts as 0. Crypto losses only offset crypto gains of the same year.
Where to declare
Capital gains declaration DK in the VID EDS; the annual declaration GD to offset losses; the one-time 2026 crypto declaration if you choose it.
Key dates
Calendar year. DK by 15 January, or quarterly by the 15th of the month after a quarter in which income from capital-asset deals tops €1,000; pay by the 23rd of that month. GD by 1 February. One-time declaration: 1 April to 31 May 2027, pay by 23 July 2027.

Quick estimate · no account needed

What would you pay?

Net gain in 2026€25,000
Tax at 25.5%€6,375

For gains realised from 2025 on, after the year's crypto losses. A simplified example. Your own situation can differ.

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FAQ

Questions people ask

What is taxed on crypto in Latvia?

Disposing of crypto for money, goods or services. Swaps between cryptos are not taxed until you dispose of the coins received. Crypto received as pay for goods or services is business income.

How much tax do you pay on crypto in Latvia?

25.5% on the gain from 2025 (20% for deals before 2025). An extra 3% applies when your total yearly income is above €200,000.

What is not taxed?

Swaps between cryptos and moving coins between your own wallets. There is no tax-free amount: the €1,000 figure only decides whether you file quarterly. How staking and airdrops are taxed is not settled.

Does it matter how long you hold your crypto?

No holding period. FIFO or weighted average, kept for at least 10 years (FIFO here); documented fees count; a cost you cannot prove counts as 0. Crypto losses only offset crypto gains of the same year.

Where do you declare crypto?

Capital gains declaration DK in the VID EDS; the annual declaration GD to offset losses; the one-time 2026 crypto declaration if you choose it.

When do you declare?

Calendar year. DK by 15 January, or quarterly by the 15th of the month after a quarter in which income from capital-asset deals tops €1,000; pay by the 23rd of that month. GD by 1 February. One-time declaration: 1 April to 31 May 2027, pay by 23 July 2027.

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Official sources

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Information, not tax advice. Rules change; check your return with your tax authority or an accountant. All sources & methods