Latvia's Prime Minister's advisor Didzis Dejus stated that the country plans to allow residents to use cryptocurrency to pay personal taxes as early as 2027. The Ministry of Finance has agreed to the plan, but technical integration with payment service providers still needs to be completed. On October 15, the Latvian parliament passed a cryptocurrency tax reform bill, changing the taxation method from taxing each transaction to taxing only the portion of withdrawals from crypto investment accounts that exceed the principal deposits. The new law also introduces a one-time declaration mechanism, allowing holders to settle past tax obligations by declaring 10% of the market value of their assets as of the end of 2026. The declaration period will be from April 1 to May 31, 2027, and taxes must be paid by July 23. (CoinDesk) https://(wublock123.com)/news/latvia-crypto-tax-reform-bill-allow-crypto-tax-payments-2027-70272