Lithuania has tightened the rules on how crypto companies report their users to the taxman. On September 24, 2026, the country’s State Tax Inspectorate (VMI) issued Order No. VA-63, updating its crypto reporting regime under the European Union’s DAC8 directive.
The new order amends an earlier set of rules, Order VA-119, which the VMI issued on December 10, 2025. That first version laid the groundwork. Less than a year later, the tax authority returned to clarify what crypto-asset service providers and operators actually owe it.
Three pieces stand out. The order introduces new definitions for who counts as a reportable person, streamlines the registration process, and updates due diligence requirements.
The data list is long. Providers must collect and submit user identities, tax residencies, account balances, and details on transactions exceeding $50,000 equivalent.
Advertisement
They also have to keep records of user identification and transaction logs. For an exchange, that means its KYC files and trade history now double as tax evidence.
The reporting net covers entities operating inside the EU as well as selected non-EU residents. Annual reports are due by May 31 each year.
The first deadline is May 31, 2027, covering data from calendar year 2026. The rules apply from the 2026 reporting period onward. Notifications for registration, or for claiming an exemption, are also due by May 31 of the following year.
There is one piece of genuine relief. Providers that are fully compliant with reporting obligations in another EU member state can, under specific conditions, avoid duplicate reporting in Lithuania.
The amendments also address a separate licensing question. Starting March 2027, certain custodial or transfer activities will require authorization as electronic payment services.
One thing did not move: Lithuania’s tax rate on capital gains from virtual assets stays unchanged. This is about visibility, not new charges.
DAC8, formally Directive 2023/2226/EU, is the EU’s update to its rules on administrative cooperation in tax matters. It extends automatic information sharing between national tax authorities to cover crypto-assets. It sits alongside the OECD’s Crypto-Asset Reporting Framework, known as CARF. Lithuania’s changes are built to align with both.
The full EU-wide automatic data exchange is slated to begin in mid-2027. Lithuania’s order is effectively the domestic plumbing that has to be in place before that exchange goes live.
The dates to circle are March 2027, when the payment services authorization requirement kicks in, and May 31, 2027, when the first annual reports and registration notices are due. Mid-2027 then brings the start of EU-wide data exchange, the point at which all this collected information actually starts crossing borders.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.