Latvia plans to allow tax payments in cryptocurrency from 2027

Latvia plans to allow residents to pay personal taxes in cryptocurrency as early as 2027. According to CoinDesk, Prime Minister's adviser Didzis Dejus said at the UN:BLOCK fintech conference in Riga that the Ministry of Finance has agreed to the plan, but the technical integration with payment service providers has not yet been completed; asked whether it could be implemented during this government's term, he said, "I believe it will happen next year." On Oct. 15, the Latvian parliament already passed a crypto tax reform: instead of taxing each transaction, tax will be levied when withdrawals from an investment account exceed the amount deposited, and a one-time declaration mechanism was introduced — crypto holders can pay back historical taxes at 10% of the market value of their assets at the end of 2026, with the declaration period from April 1 to May 31, 2027, and the tax payment deadline of July 23. The plan continues the roadmap for crypto tax payments and asset tokenization announced in May 2025; Dejus said Latvia is "not afraid to be the fastest country."