Latvia: Draft amendments partially implementing DAC8
If adopted, the amendments will take effect on January 1, 2026
The Cabinet of Ministers on June 3, 2025, approved draft amendments to the Law on Taxes and Fees to partially implement the EU Directive 2023/2226 (DAC8) and introduced the cryptoasset reporting framework (CARF).
The amendments require taxpayers to report cryptoasset transactions and authorize detailed regulations for reporting conditions, information exchange, and penalties for non-compliance.
If adopted, the amendments will take effect on January 1, 2026, aligning with the OECD’s DAC8 transposition deadline.