Lithuania’s State Tax Inspectorate has updated its user reporting procedure for crypto-asset service providers through Order VA-63, setting out the reporting scope and operational standards in line with the European Union’s DAC8 rules and the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF. The new rules require regulated crypto-asset service providers and local crypto operators to strengthen customer due diligence and collect user identity details, transaction records, and tax residency information, while also keeping customer identification numbers, transaction logs, and account balances. Entities that have already completed registration and reporting obligations in another EU member state may be exempt from filing again in Lithuania. Full operational reporting across the EU is scheduled to begin on Jan. 1, 2026, and data collected by platforms in 2027 will be automatically exchanged by member states’ tax authorities starting in mid-2027. The update does not change Lithuania’s capital gains tax rate on virtual assets, but affected firms will need to revise onboarding procedures and back-end systems. From March 2, some transactions involving electronic money tokens, or EMTs, will also require additional payment service authorization.
Lithuania’s State Tax Inspectorate has updated the user reporting procedure for crypto-asset service providers through Order VA-63, clarifying the reporting scope and operating standards and bringing domestic rules into line with the European Union’s DAC8 regime and the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF.
The new rules require regulated crypto-asset service providers and local crypto operators to strengthen customer due diligence. They must collect user identity information, transaction records, and tax residency details, and keep records including customer identification numbers, transaction logs, and account balances.
Entities that have already completed registration and reporting obligations in another EU member state may be exempt from filing again in Lithuania. Full operational reporting across the EU will start on Jan. 1, 2026. Data collected by platforms in 2027 will be automatically exchanged by member states’ tax authorities starting in mid-2027.
The new rules do not change Lithuania’s capital gains tax rate on virtual assets, but relevant institutions will need to update customer onboarding procedures and back-end systems. Starting March 2, some transactions involving electronic money tokens, or EMTs, will require additional payment service authorization, including custodial wallets that transfer EMTs on behalf of clients and operations that support third-party transfers. Exchanges between EMTs, as well as conversions between EMTs and fiat currency, are not automatically classified as payment services.
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