Lithuania Updates Crypto Reporting Rules to Match EU's DAC8 and OECD's CARF
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Lithuania's Order VA63 tightens crypto platform reporting and customer due diligence to align with EU DAC8 and OECD CARF, increasing compliance and data-collection requirements for CASPs. While timelines extend to 2026 with cross-border tax data exchange from mid-2027, operators face near-term operational and legal overhead to upgrade onboarding and backend reporting. EU-wide harmonization reduces duplicate filings for already-compliant entities but reinforces regulatory scrutiny of crypto activity.
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Lithuania's State Tax Inspectorate has issued Order VA63, revising reporting obligations for CryptoAsset Service Providers (CASPs) in line with the European Union's Eighth Directive on Administrative Cooperation (DAC8) and the OECD's CryptoAsset Reporting Framework (CARF), Bitcoin.com reported. Under the updated requirements, platforms must strengthen customer due diligence by collecting user identification details, transaction records and tax residency information. Firms already registered and compliant in other EU member states will not be required to file duplicate reports in Lithuania. EU-wide operational reporting is scheduled to take effect on January 1, 2026, with data exchanges among member states' tax authorities expected to begin in mid2027. Compliance specialists are urging crypto operators to update onboarding procedures and backend systems promptly to reduce the risk of regulatory penalties.
