Walless Tax Cookie: No withholding tax on crypto asset sales by non-residents

From 1 January 2025 to 31 December 2027, income earned by non-residents from the disposal of publicly traded crypto assets will be exempt from Latvian withholding tax.

Crypto-assets in public circulation are those sold using services provided by an entity authorised under the MiCA Regulation.

Previously, a 3% PIT was withheld at source on such transactions, with non-residents able to reclaim it through a refund process.
The change aims to improve Latvia’s business environment and attract foreign crypto service providers.

The amendment was adopted by the Saeima in its final reading on 10 April and now awaits the President’s proclamation.