Quick Key Content:
VAT: 0%
PIT (Personal Income Tax): 25% of profit (when selling)
Hard 3-year rule: Hold gold for at least 3 years – profit tax after 3 years? There is NO 3-year exemption in Latvia (unlike Estonia)
How to pay less: If you lose money in stocks, sell gold at a profit in the same year – losses and profits are offset
Storage: At home (no tax) or in a bank safe (must the bank report to the SRS? Yes, if the value exceeds a certain threshold)