Lithuania’s State Tax Inspectorate has updated its user reporting procedures for crypto-asset service providers through Order VA-63, setting out the reporting scope and operational standards in line with the EU’s DAC8 directive and the OECD’s Crypto-Asset Reporting Framework, or CARF. The updated rules require regulated crypto-asset service providers and local crypto operators to strengthen customer due diligence and collect user identity details, transaction records, tax residency information, customer identification numbers, transaction logs, and account balances. Entities that have already registered and fulfilled reporting obligations in another EU member state may be exempt from filing the same report again in Lithuania. The full operating report regime across the EU is set to begin on Jan. 1, 2026, while data collected by platforms in 2027 will be automatically exchanged by member states’ tax authorities starting in mid-2027. The changes do not alter Lithuania’s capital gains tax rate on virtual assets, but affected firms will need to update onboarding procedures and backend systems. From March 2, some transactions involving electronic money tokens, or EMTs, also require additional payment service authorization.
Lithuania’s State Tax Inspectorate has updated reporting procedures for users of crypto-asset service providers under Order VA-63, defining the reporting scope and operating standards and aligning the country’s rules with the EU’s DAC8 directive and the Organisation for Economic Co-operation and Development’s Crypto-Asset Reporting Framework, or CARF.
Under the updated rules, regulated crypto-asset service providers and local crypto operators must strengthen customer due diligence. They are required to collect user identity information, transaction records, and tax residency details, while also keeping customer identification numbers, transaction logs, and account balances on record.
Entities that have already completed registration and reporting obligations in another EU member state may be exempt from filing again in Lithuania.
The full operating report regime across the EU will start on Jan. 1, 2026. Data collected by platforms in 2027 will then be automatically exchanged by tax authorities across member states starting in mid-2027.
The new rules do not change Lithuania’s capital gains tax rate on virtual assets. Still, affected institutions will need to update customer onboarding procedures and backend systems.
Separately, from March 2, certain transactions involving electronic money tokens, or EMTs, require additional payment service authorization. That includes transferring EMTs on behalf of clients and operating custodial wallets that support third-party transfers. Exchanges between EMTs, as well as EMT-to-fiat conversions, are not automatically classified as payment services.
The report was cited from Bitcoin.com News.
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