Lithuania tightens crypto tax reporting rules under EU’s DAC8 directive

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. 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 deadlin...