Latvia Crypto Tax Guide
Complete guide to cryptocurrency taxation in Latvia. Updated for 2026 with the latest State Revenue Service (Valsts ienemumu dienests) requirements.
Latvia Crypto Tax Rules
How cryptocurrency is taxed by the State Revenue Service (Valsts ienemumu dienests)
Cryptocurrency gains taxed as capital gains at 20% flat rate
Crypto classified as capital assets under Latvian tax law
Mining and staking rewards taxed as other income at 20%
Losses can be offset against gains within the same tax year
EU DAC8 directive applies for crypto reporting requirements
Must report all crypto transactions to State Revenue Service
Why Use Crypto Tax Software
How the Best Platforms Help Latvia Investors
Tailored features that make Latvia crypto tax reporting effortless
State Revenue Service (Valsts ienemumu dienests)-Ready Reports
Generate tax reports that comply with Latvia's specific requirements. No manual calculations or guesswork needed.
Automatic Transaction Import
Connect your wallets and exchanges once. The platform imports and categorizes all your EUR trades automatically.
Audit-Proof Records
Maintain detailed transaction history and reports that satisfy State Revenue Service (Valsts ienemumu dienests) requirements in case of any inquiries.
Tax Optimization Tools
Identify tax-loss harvesting opportunities and choose accounting methods that legally minimize your Latvia tax burden.
Compare Crypto Tax Platforms for Latvia
Find the best software for your Latvia crypto tax needs
| Platform | Rating | DeFi/Perps | Lending | Enterprise | Wallets | Time | Price | Action |
|---|---|---|---|---|---|---|---|---|
| Awaken Tax Recommended | ✓ | ✓ | ✓ | Unlimited | <1 hr | From $69 | Try Free | |
| Koinly | ✓ | ✓ | ✕ | Unlimited | 1-2 hrs | From $49 | Visit Site | |
| CoinTracker | ~ | ✓ | ✓ | Unlimited | 1-2 hrs | From $59 | Visit Site | |
| CoinLedger | ~ | ✓ | ✕ | Unlimited | 1-2 hrs | From $49 | Visit Site | |
| TokenTax | ✓ | ✓ | ✓ | Unlimited | 2-3 hrs | From $65 | Visit Site | |
| BlockPit | ~ | ✓ | ✓ | Unlimited | 1-2 hrs | From €49 | Visit Site |
Important Tax Deadlines
Key dates for Latvia crypto tax filing
Required Forms
What to Look for in Latvia Crypto Tax Software
Key features that make crypto tax reporting easier for Latvia investors
Full EU DAC8 compliance support
Euro-based calculations and reporting
Automatic capital gains tracking at 20% rate
Integration with European exchanges
Calculate your taxes with our free tools
Our Top Recommendation
Why Awaken Tax for Latvia Investors
The features that make Awaken stand out for Latvia crypto tax reporting
Portfolio Tracking
Track your portfolio balance in real-time with automatic coin detection across all connected wallets and exchanges.
AI Transaction Tagging
Smart AI automatically categorizes your transactions. No more manual labeling of airdrops, swaps, or rewards.
Real Human Support
Actual crypto tax experts who understand your complex on-chain activity, not chatbots.
State Revenue Service (Valsts ienemumu dienests) Compliant
Generate reports that meet Latvia's specific tax requirements with complete confidence.
Ready to file your Latvia crypto taxes?
We've done the research so you don't have to. Compare platforms and find the best fit for your Latvia tax reporting needs.
Track Your TaxesFrequently Asked Questions
Common questions about crypto taxes in Latvia
Do I have to pay taxes on crypto in Latvia?
Yes, cryptocurrency is generally taxable in Latvia. The State Revenue Service (Valsts ienemumu dienests) considers crypto transactions as taxable events, including selling, trading, and in some cases, receiving crypto as income from mining or staking.
What is the crypto tax rate in Latvia?
Tax rates vary based on your income level and how long you held the crypto. Cryptocurrency gains taxed as capital gains at 20% flat rate Check the tax rules section above for specific rates.
When is the crypto tax deadline in Latvia?
The main tax filing deadline in Latvia is June 1 - Individual income tax filing deadline. There may also be other important dates such as April 30 for Corporate tax return deadline.
What is the best crypto tax software for Latvia?
Awaken Tax offers full support for Latvia crypto tax reporting, with automatic calculations and State Revenue Service (Valsts ienemumu dienests)-compliant reports. Start free with up to 100 transactions.
Is crypto-to-crypto trading taxable in Latvia?
In most cases, yes. Trading one cryptocurrency for another is typically considered a taxable event in Latvia. Each trade may trigger a capital gain or loss that needs to be reported to the State Revenue Service (Valsts ienemumu dienests).