- Lithuania said it has tightened user information collection and transaction reporting obligations for digital-asset service providers.
- Lithuania’s State Tax Inspectorate said it revised Regulation VA-63 in line with DAC8 and CARF standards, requiring the collection and management of identity information, transaction records, and account balances.
- The move is part of a broader EU effort to strengthen tax transparency for digital assets, with automatic exchanges of tax information among member states set to begin in 2027.
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Lithuania is tightening requirements for digital-asset service providers to collect user information and report transaction records.
Bitcoin.com reported on October 10 that Lithuania’s State Tax Inspectorate recently revised Regulation VA-63 to specify procedures for reporting user information by digital-asset service providers. The change is aimed at aligning domestic rules with the European Union’s Directive on Administrative Cooperation, known as DAC8, and the Organization for Economic Cooperation and Development’s Crypto-Asset Reporting Framework, or CARF.
Under the revised rules, digital-asset businesses in Lithuania must collect and manage users’ identity information, tax residency, transaction records and account balances. The regulation also sets out specific criteria for determining whether corporate users, as well as individuals, are subject to reporting.
Companies already registered in another EU member state and complying with related reporting obligations there will not have to file duplicate reports in Lithuania.
The move is part of a broader EU push to strengthen tax transparency for digital assets. The DAC8 framework for reporting digital-asset transaction data took effect on January 1, and automatic exchanges of tax information among member states are scheduled to begin in 2027.