Latvia’s parliament has approved changes that will alter how individuals are taxed on crypto assets, while the government prepares a possible system for paying personal taxes with cryptocurrency in 2027. Prime Minister adviser Didzis Dejus said the Finance Ministry had agreed to the payment plan, but technical work with a provider was still required. No provider or eligible cryptocurrencies have been identified publicly.
The law also creates a one-time declaration route for crypto assets held on Dec. 31, 2026, either with EU-licensed providers or in wallets controlled by individuals. Applicants would pay 10% of the assets’ market value at that date, with the declared value then treated as the acquisition cost for future tax calculations. The mechanism would not be available where criminal proceedings, a tax audit, tax-control procedure or administrative-offence proceedings related to crypto income had already begun.
The proposed crypto-payment option and the new tax rules are separate steps: one concerns how liabilities are calculated and regularized, while the other would concern how a taxpayer settles a liability with the state.