Update
Latvia to Tax Crypto Withdrawals in 2027
Latvia's parliament passed a law taxing crypto withdrawals above deposits rather than individual trades. The law also introduces a one-time declaration process, allowing crypto holders to settle past tax obligations by paying 10% of their declared assets' market value at the end of 2026. Declarations can be filed from April 1 to May 31, 2027, with the tax due by July 23. The measure aims to help people who bought crypto years ago but lack records to prove what they paid.