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LatviaValsts ieņēmumu dienests

Latvia adds crypto to investment accounts, opens 10% disclosure

IIN amendments in force 23 Oct 2026 bring crypto into investment accounts and open a 10% one-time declaration for holdings at 31 Dec 2026.

By Taxxa AI OyPublished 27 October 2026

Tax

Industry: Financial service activities, except insurance and pension funding

Amendments to the likums "Par iedzīvotāju ienākuma nodokli" adopted on 15 October 2026Likumi, published in Latvijas Vēstnesis Nr. 204 on 22 October 2026VID and in force from 23 October 2026VID, extend the investment account regime to cryptoassetsVID and create a one-time voluntary cryptoasset declarationVID at a 10 % rateVID. The Valsts ieņēmumu dienests explains both in a new informational material dated 26 October 2026 in the IIN methodological materials.

Under the amended 11.13 pantsSaeima, cryptoassets join cash and finanšu instrumenti as assets that may be held and traded in an investment account under the account regimeVID: tax is computed when the amount paid out of the account exceeds the amount paid in, rather than on each separate transactionVID. An investment account is an account, or a set of per-currency accountsVID, opened under an agreement between an investment service provider and a natural person as account holderVID, holding cash, finanšu instrumenti and now kriptoaktīvi for transactionsVID, with its investment-account status notified to the VIDVID.

The circle of investment-account providers is widened: besides the existing providers, a komersants licensed as a cryptoasset service provider under Regulation (ES) 2023/1114 on markets in crypto-assets that meets the Cabinet's requirements for such providers may offer investment-account servicesVID. The Cabinet must issue those provider requirements by 30 December 2026Likumi.

Separately, resident taxpayers may file a one-time voluntary cryptoasset declaration covering cryptoassets they own and hold on 31 December 2026VID, whether in an account with a cryptoasset service provider registered in the European Union and licensed under Regulation 2023/1114 or at a self-hosted address on the blockchain networkVID. Cryptoassets obtained with funds covered by the 4. pants of the Noziedzīgi iegūtu līdzekļu legalizācijas un terorisma un proliferācijas finansēšanas novēršanas likums are excludedVID. The declaration states the provider name or self-hosted address, each asset's type, name and symbol, and its quantityVID, carried at market value on 31 December 2026VID, which is the average price on a trading platform maintained under Regulation 2023/1114 over a six-month periodVID.

The declarant pays iedzīvotāju ienākuma nodoklis of 10 % of the declared market valueVID. That taxed value then counts as the acquisition value when the capital gain on a later disposal is computedVID. For the declared assets and the income used to acquire or exchange them, regardless of the period in which that income was earned, the declarant is released from late-payment charges, administrative fines and criminal liability for late filing, inaccurate information and failure to pay tax on timeVID. Filing runs from 1 April to 31 May 2027VID, with a single correction allowed by 30 June 2027VID, and the computed tax is paid into the unified tax account by 23 July 2027VID. On filing, the person must attest that none of the bars applies: on the filing day no criminal proceedings for tax evasion, no tax audit or tax control, and no administrative violation proceedings for non-payment or declaration breaches connected with crypto income are open against them, and they are not a person obliged to file, or filing, a state official's declarationLikumi.

Legal basis: likuma "Par iedzīvotāju ienākuma nodokli" 11.13 pants as amended on 15 October 2026 (in force 23 October 2026) and its transitional provisions on the one-time declaration.

Review whether an investment account fits your crypto activity and, for undeclared historic holdings at 31 December 2026, prepare the one-time declaration for the 1 April to 31 May 2027 filing window.

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