How to Declare Crypto Income in Latvia (EDS, Step by Step, 2026)

This is a practical guide to declaring crypto sale income in Latvia in 2026 through the State Revenue Service’s Electronic Declaration System (EDS). It applies to an individual who does not hold crypto as part of a professional or business activity.

Before you start — if your question is “when is tax even due”, begin with the separate article When do you pay tax on crypto. For the broader picture — Crypto Tax in Latvia 2026 — the full guide.

This page is not individual tax advice. For your specific situation — get in touch.

1. Before you start: what you need

Before opening EDS, prepare:

• A full transaction list for the period — every buy and sell connected to the crypto you sold. Without history you can’t prove the acquisition cost.
• Fees and related costs — exchange trading fees and withdrawal fees attributable to the specific transaction.
• Acquisition dates and prices in euro — if the purchase was in another currency, convert to the euro rate at the time of purchase.

Practical note. If you have several years and several exchanges, this step takes the most time. CSV exports from exchanges or blockchain tools (Koinly, CoinTracker, etc.) give a good starting point, but everything still has to be checked manually — especially crypto-to-crypto transactions.

2. Find the right declaration in EDS

Log in to EDS (eds.vid.gov.lv) with internet banking or eParaksts.

In EDS you take one of two routes depending on volume:

A. Quarterly declaration — if income from the disposal of capital assets in a given quarter exceeded €1,000. Deadline — the 15th of the following month after the quarter ends.

B. Annual declaration — if capital-asset income did not exceed €1,000 in any quarter. You then report it in the annual income return, filed the following year (usually 1 March to 1 June, with an extended deadline if a top-up is due).

In EDS the relevant form is the Capital gains income declaration for the reporting period — form DK (quarterly declaration) or the Annual income declaration. Both are found under Personal income tax documents.

3. Fill in the transaction data

For each transaction the declaration requires:

• Disposal date — the day the crypto was sold for euro.
• Disposal proceeds (€) — the euro amount received after fees (or gross, if fees are entered separately — depending on the form’s structure).
• Acquisition date — the day the relevant crypto was bought.
• Acquisition cost (€) — what it was bought for. If the purchase was in parts (several buys), use either FIFO (first acquired, first sold) or the average cost method — consistently across the period.
• Allowable expenses (€) — fees and costs directly related to the transaction.

EDS calculates the capital gain (proceeds minus acquisition cost minus expenses) and applies the PIT rate (25.5%).

Example

On 1 June 2026 you sold 300 HYPE for €18,000 (proceeds). Exchange fee — €30. You acquired these 300 HYPE:

• January 2025: 200 HYPE for €8,000;
• June 2025: 100 HYPE for €5,500.

Under FIFO these acquisitions are used in this order: first 200 HYPE (€8,000), then 100 HYPE (€5,500). Total acquisition cost: €13,500.

• Proceeds: €18,000
• Acquisition cost: €13,500
• Allowable expenses: €30
• Gain: €4,470
• PIT (25.5%): €1,139.85

Turnover in this quarter exceeded €1,000, so this is a quarterly declaration, due by 15 July 2026.

4. Several transactions in one quarter

If there are several crypto sales in a quarter, each disposal event is reported separately (usually as several rows in one declaration). The same applies if there are several fills in one day — the system lets you combine them if the acquisition date and price are identical.

Loss-making transactions are reported too — their negative gain partly offsets profit on other transactions in the same period.

5. Pay the tax

After you submit the declaration, EDS shows the amount due and VID’s account details. For a quarterly declaration the tax-payment deadline is the 23rd of the following month; for the annual declaration — 1 June of the same year.

6. The most common mistakes

1. Reporting only sales, without the acquisition cost. Without it, VID assumes the cost is €0 and taxes the whole proceeds.
2. Reporting acquisition costs in another currency. All figures are in euro; foreign-currency transactions must be converted at the purchase-time rate.
3. Reporting crypto-to-crypto transactions as disposals. Under the current VID position this isn’t needed — you do it only when there’s a conversion to fiat.
4. Threshold breached in one quarter, but declared as annual. The threshold applies per quarter, not per year.
5. Not reporting at all because of lost history. Even if history is incomplete, not declaring is not a solution; the right path is to reconstruct as far as possible and document the uncertainty.
6. Forgetting the record-retention period. Keep all CSVs, screenshots and emails for at least 3 years.

7. What to do if history is incomplete

If an exchange is closed, exit-scammed or simply unavailable — reconstruct the acquisition cost from the most reliable sources available:

• bank statements showing deposit amounts and dates;
• archived emails with exchange notices;
• on-chain evidence (deposit tx hash → exchange address);
• historical CoinGecko/CoinMarketCap prices for the relevant day as a last-resort price reference.

Keep this document pack together with the declaration. If VID later asks a question, you have the information ready to rely on.

8. When to bring in a lawyer

We recommend consulting before you file if:

• your annual crypto turnover is large or the gain reaches tens of thousands of euro;
• there’s staking, DeFi, NFT or airdrop income;
• history is incomplete or spans several years in which tax wasn’t declared;
• there’s an international element (different residence, a foreign exchange);
• VID has already asked a question.

A review before filing is considerably cheaper than a dispute after it.

DONE offers crypto tax advice in Latvia and the EU. Contact — get in touch. There’s more on how an engagement works on our crypto lawyer in Latvia page.

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Related articles:

• When do you pay tax on crypto in Latvia
• Crypto Tax in Latvia 2026 — the full guide

Updated: 2 June 2026.