Under Article 55 of the Law on Tax Administration (MAĮ) and the Law on the Bank of Lithuania, certain entities must notify the VMI of all opened and closed accounts within three business days, using an XML format.
Lithuania’s State Tax Inspectorate (VMI) has informed crypto asset service providers, issuers of asset-referenced and electronic money tokens, and individuals involved in public offerings or listings of crypto assets, on 16 October 2025, that they are required to report information on client accounts.
Under Article 55 of the Law on Tax Administration (MAĮ) and the Law on the Bank of Lithuania, these entities must notify the VMI of all opened and closed accounts within three business days, using an XML format.
While the law also requires reporting account balances and turnover when thresholds such as EUR 15,000 are exceeded, the VMI plans to revise submission rules to reduce administrative burdens and avoid duplicate reporting.
The amendment will allow providers who already submit information under the EU’s DAC8 directive to avoid providing separate national data on balances and turnover.
