Lithuania revises crypto-asset reporting procedures to align with DAC8

Lithuania has revised procedures for businesses to report user information on crypto-asset transactions, aligning them with the European Union’s DAC8 rules. Transactions conducted in 2026 will be the first reporting period, with updated definitions of reportable users and requirements for submitting data.

The State Tax Inspectorate of Lithuania (VMI) amended the existing procedures through Order VA-63 on September 24, 2026. The changes specify which users must be reported, when the relationship between a business and a user begins, and what information must be submitted and verified. The previous procedures were established under Order VA-119 on December 10, 2025.

The changes do not alter personal tax rates on crypto-asset capital gains. They clarify how businesses should verify and report user and transaction information to tax authorities.

DAC8 is the eighth amendment to the EU Directive on Administrative Cooperation, which provides for automatic exchange of tax information between member states. The European Commission says the directive applies from January 1, 2026. Covered businesses collect user transaction data and submit it to their national tax authorities, which then exchange it with the user’s country of residence.

The reporting schedule has separate deadlines for businesses and for information exchanges between member states. VMI says businesses must submit their first reports, covering 2026 transactions, by May 31, 2027. The Commission has set September 30, 2027, as the deadline for the first exchange of information between member states.

DAC8 incorporates the OECD’s Crypto-Asset Reporting Framework (CARF) into the EU’s administrative cooperation rules. CARF is designed to require businesses to report user and transaction information to tax authorities, enabling authorities to exchange it automatically. The Commission says DAC8 also covers stablecoins and certain NFTs.

Lithuania’s amendment refines definitions and submission requirements in its existing domestic procedures to align them with DAC8, rather than establishing a separate reporting framework. The direct impact of the changes on domestic exchanges or users has not been confirmed.