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LatviaValsts ieņēmumu dienests

Correcting capital gains can require a different DK filing period

VID explains how to replace a quarterly DK return with an annual one when corrected quarterly gains no longer exceed €1,000.

By Taxxa AI OyPublished 30 July 2026

Tax

A correction to Latvian capital-gains income can require a return for a different reporting period.VID VID's new worked guidance explains that amending the figures in the original DK return is not always sufficientVID: the original entries may need to be removed and a return for the correct period submitted separately.

In VID's example, a taxpayer declared €1,100 of share-sale income for the second quarter of 2026 but omitted a €100 investment-fund loss in the same quarter. The corrected income does not exceed €1,000VID, so the example requires an annual DK return instead of the quarterly returnVID. The taxpayer deletes the entries from the second-quarter return and submits that empty return as a correction.

For this example, VID instructs the taxpayer to send a free-form application with the annual DK return by 15 January 2027, because submission in the structured format will not be possible. If the quarterly tax was already paid, the taxpayer can request repayment of the excess after 23 January 2027, the annual DK payment deadline stated in the example. Those dates belong to the example's 2026 reporting year.

For ordinary DK corrections, VID describes copying the submitted return, changing the copy and filing it as a correction. The general statutory correction window is three years from the relevant payment deadline, subject to restrictions for audits and specified tax-control or settlement outcomes. Taxpayers whose period has already been examined should check those restrictions before relying on the window.

The annual capital-gains adjustment return, GD, also needs attention. Where a DK return is corrected, the declaration regulations require corresponding GD corrections. VID explains how to copy and correct an existing GD return and how to request deletion, with an explanation, when a GD return was filed unnecessarily and an annual DK return was required instead. The guidance distinguishes correcting an existing document from asking VID to remove a document that should not have been filed.

The legal framework is the law “Par nodokļiem un nodevām”, Section 16(1)(6), and Cabinet Regulation No. 662 on personal-income-tax declarations, including paragraph 64.

Check whether correcting capital gains changes the DK reporting period and requires a corresponding GD correction.

Sources