Lithuania has updated its crypto asset user reporting rules, with full EU implementation starting in 2026

Odaily: The Lithuanian State Tax Inspectorate has updated the user reporting procedures for crypto asset service providers. Through Order No. VA-63, it has clarified the reporting scope and operational standards, aligning the country's rules with the EU's DAC8 and the OECD's Crypto-Asset Reporting Framework (CARF).

The new rules require regulated crypto asset service providers and local crypto operators to improve customer due diligence, collect user identity, transaction records, and tax residency information, and record customer identification numbers, transaction logs, and account balances. Entities that have already completed registration and reporting obligations in other EU member states may be exempt from duplicate reporting in Lithuania.

Full operational reporting across the EU will begin on January 1, 2026, and data collected by platforms in 2027 will be automatically exchanged by member state tax authorities starting in mid-2027. The new rules do not change Lithuania's virtual asset capital gains tax rate, but relevant institutions need to update customer onboarding processes and back-end systems.

Starting from March 2, certain transactions involving electronic money tokens (EMT) must additionally obtain payment service authorization, including transferring EMT on behalf of clients and operating custodial wallets that support third-party transfers; exchanges between EMTs and exchanges between EMT and fiat currency do not automatically constitute payment services. (Bitcoin.com News)