Lithuania Updates Crypto User Reporting Rules to Align with EU Standards
- Lithuania’s State Tax Inspectorate has updated reporting rules for crypto platforms under Order VA-63.
- The new rules align with the EU DAC8 standards and will require crypto asset service providers to gather detailed user tax data.
- Full operational reporting across the EU is set to begin on January 1, 2026, with data exchanges starting in mid-2027.
- Crypto operators must refine customer due-diligence protocols to capture user identification data, transaction records, and tax residency information.
- Entities fulfilling reporting duties in another EU member state are exempt from duplicate filings in Lithuania.
Lithuania’s updated framework clarifies which crypto asset users fall under mandatory reporting requirements and provides technical instructions for platforms regarding customer identification numbers, transaction logs, and account balances. This move aligns national procedures with the European Union’s Eighth Directive on Administrative Cooperation (DAC8) and the OECD’s Crypto-Asset Reporting Framework (CARF).
These updates ensure that Lithuanian crypto operators comply with new EU-wide tax transparency measures by refining their customer onboarding workflows and back-end systems immediately to avoid penalties. Source
