Lithuania updates crypto-asset user reporting rules to align with the EU DAC8 framework.

PANews October 10 news, according to Bitcoin.com citing Bloomberg Tax, the State Tax Inspectorate of Lithuania issued Order No. VA-63, updating the reporting procedures for crypto asset users to align with the EU's DAC8 and the OECD's CARF framework. CASPs are required to collect and report data such as user identity information, transaction records, account balances, and tax residency status. Entities that have already reported in other EU member states may be exempt from duplicate reporting. The relevant data will be automatically exchanged among EU tax authorities starting from mid-2027.