DAC8 Reporting in Lithuania: Practical Guide

Lithuania has developed a notable presence in the fintech and crypto-asset space, with a progressive regulatory approach that has attracted numerous digital asset businesses. The Valstybine mokesciu inspekcija (VMI), Lithuania's State Tax Inspectorate, is expected to be the competent authority for DAC8 reporting. This guide covers practical aspects of DAC8 compliance for crypto-asset service providers (CASPs) operating in or serving users in Lithuania.

Overview

DAC8 extends the EU's automatic exchange of information framework to cover crypto-asset transactions. Lithuania has been a popular jurisdiction for crypto businesses, and a significant number of CASPs may have reporting obligations through VMI. Lithuania already participates in CRS and FATCA reporting, and DAC8 is expected to follow a comparable electronic reporting model.

Competent Authority

The Valstybine mokesciu inspekcija (VMI, State Tax Inspectorate) is the competent authority for tax administration in Lithuania, including the exchange of information under CRS and FATCA frameworks. VMI is expected to receive and process DAC8 reports. The Finansu ministerija (Ministry of Finance) oversees tax policy and the legislative transposition of EU directives.

Detail	Information
Authority name	VMI (Valstybine mokesciu inspekcija, State Tax Inspectorate)
Parent ministry	Finansu ministerija (Ministry of Finance)
Official gazette	Teises aktu registras (Register of Legal Acts)
Tax ID format	Asmens kodas (personal code, 11 digits) / Juridinio asmens kodas (entity code, 9 digits)
Official language	Lithuanian

Key Requirements

CASPs should prepare to report the following under DAC8:

• Reportable users: Individuals and entities tax resident in EU member states who conduct reportable crypto-asset transactions through the CASP.
• Transaction types: Crypto-to-fiat exchanges, crypto-to-crypto exchanges, and transfers of reportable crypto-assets are typically in scope.
• Data elements: Full name, address, date of birth, TIN (asmens kodas for Lithuanian individuals), gross transaction amounts, number of units, and crypto-asset type.
• Due diligence: Self-certification procedures and TIN validation should be implemented as specified under DAC8 to identify reportable persons.
• Volume considerations: Given the large number of CASPs historically licensed in Lithuania, VMI may issue detailed guidance to manage the expected volume of DAC8 submissions.

Submission Process

VMI operates a mature electronic filing infrastructure, and DAC8 submissions are expected to be handled through existing digital channels.

• Format: Reports should follow the OECD CARF XML schema as required by DAC8. VMI may publish additional technical specifications and validation rules for Lithuanian submissions.
• Language: Official tax administration is conducted in Lithuanian. XML data fields should follow international conventions, but supporting documentation and correspondence should typically be in Lithuanian.
• Submission channel: VMI may integrate DAC8 reporting into its existing i.MAS or i.SAF electronic systems, or provide a dedicated submission channel through the VMI portal (e.VMI). The exact method is to be confirmed by VMI.
• Identification: Reporting entities will need a Lithuanian juridinio asmens kodas (legal entity code) and access credentials for VMI's electronic systems.

Important Dates

• Transposition deadline: December 31, 2025 (directive must be incorporated into Lithuanian law)
• Data collection begins: January 1, 2026 (reporting entities should start collecting relevant data)
• First reporting period: Calendar year 2026
• First reports due: 2027 (exact date to be confirmed by VMI)

Practical Tips

• Register with VMI and access e.VMI: Ensure your entity is properly registered with the State Tax Inspectorate and has the necessary electronic filing access through the e.VMI portal.
• Monitor the Register of Legal Acts: All implementing legislation will be published in Lithuania's official register (e-tar.lt). Check regularly for relevant laws and ministerial orders.
• Collect asmens kodas accurately: For Lithuanian-resident users, ensure your systems can capture and validate the 11-digit personal code format during onboarding.
• Prepare Lithuanian-language capabilities: Your compliance team or local advisors should be able to communicate with VMI in Lithuanian.
• Plan for scale: If your CASP was originally licensed in Lithuania and serves a large user base, ensure your reporting infrastructure can handle the expected volume of DAC8 reports.
• Coordinate with Lietuvos bankas: The Bank of Lithuania (Lietuvos bankas) has been the primary regulator for fintech and crypto-asset businesses and may oversee MiCA licensing. DAC8 and MiCA obligations may need to be coordinated.
• Engage local professionals: Consider working with Lithuanian mokesciu konsultantai (tax consultants) experienced in international exchange of information and crypto-asset regulation.

Important Notice

This guide provides general information about DAC8 reporting in Lithuania. Requirements may change as the directive is transposed into national law. The information presented here should not be considered definitive legal or tax advice. Penalties for non-compliance vary by member state and are subject to national legislation. Always consult VMI and the Ministry of Finance for the latest official requirements. For specific compliance questions, seek advice from qualified Lithuanian tax professionals.