Cómo declarar criptomonedas en Letonia
Latvia taxes cryptocurrency gains as capital income. From 2025, the rate is 25.5%.
Quick Tax Summary
- Tax type
- Capital Gains Tax
- Tipo aplicable
- 25.5% from 2025
- Tax-exempt minimum
- No specific tax-free minimum
- Crypto-to-crypto
- Yes, considered a disposal
- Staking y recompensas
- Taxed as capital income
- Losses
- Offsettable against capital gains from the same year
- Filing deadline
- Annual declaration between March and June; quarterly if gains are high
- Formularios
- Income tax return with Annex D3 (capital gains)
- Sanciones
- Fines and interest
- Autoridad fiscal
- State Revenue Service (VID)
Declaration of gains
Gains are calculated by subtracting the acquisition cost from the selling price. If they exceed certain amounts in a quarter, it may be mandatory to declare and pay quarterly.
The VID's EDS system allows everything to be submitted online.
Information to Tax Authorities
From January 1, 2026, the DAC8 directive will apply across the EU: authorized crypto asset exchanges and providers must report their clients' transactions to tax authorities, and this data will be exchanged between Member States.
Before filing: have your history in order
The first step to a proper tax declaration is to download the complete transaction history from each platform you use. MiCA-licensed exchanges often provide ready-to-use annual reports, which significantly simplifies the filing process.
See exchanges with MiCA licenseFrequently Asked Questions
Other countries in the same region · Europe
This guide provides general information and does not constitute tax advice. Rules change frequently: always confirm details with your country's tax authority or a tax advisor.