TREE NEWS update: Lithuania’s State Tax Inspectorate issued Order No. VA-63, updating crypto asset user reporting procedures to align with the EU’s DAC8 directive and the OECD’s CARF framework. Crypto asset service providers must collect and report user identity data, transaction records, account balances and tax residency information. Entities already reporting in another EU member state are exempt from duplicate filing, with data to be automatically exchanged among EU tax authorities from mid-2027.
Lithuania Updates Crypto Asset Reporting Rules to Align With EU DAC8
This is the compliance plumbing for crypto's tax transparency era, not a market-moving event. It matters most for crypto asset service providers operating in Lithuania, which now face the same identity, balance and residency reporting duties as traditional financial intermediaries, while the duplicate-filing exemption reduces friction for cross-border firms. The open question is how many smaller platforms lack the data infrastructure to meet these standards before automatic EU-wide exchange begins in mid-2027.
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