Latvia Plans Crypto Tax Payments from 2027 Under New Parliamentary Overhaul

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Latvia's parliament has approved legislation overhauling how cryptocurrency is taxed. Under the new law, liability is based on net withdrawals exceeding deposits rather than on each individual trade. The framework includes a one-time declaration mechanism for holders to report their positions. The rules are expected to take effect with tax payments beginning in 2027. The change marks a shift toward a simpler approach to taxing digital asset activity in the country.

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