Lithuania’s parliament is introducing strict administrative fines for crypto-asset service provider non-compliance, failures to provide accurate information to tax authorities, and breaches of accounting, reporting, and inspection procedures, with penalties escalating for repeated offences.

Lithuania’s parliament has adopted Law No. XV-415 on 11 September 2025, which includes amendments to the Administrative Misdemeanour Code.

These changes focus on establishing stringent administrative fines for various violations related to financial data reporting, specifically targeting crypto-asset service providers and failures to cooperate with the tax authorities (State Tax Inspectorate)

The law is scheduled to come into effect on 1 January 2026.

New penalties targeting data and tax compliance

The amendments introduce two entirely new articles (188 and 188) to the Code, defining penalties for crucial compliance failures:

1. Crypto service provider non-compliance

Failure by crypto-asset service providers to comply with data administration requirements outlined in the governing law and its implementing legal acts is now an administrative offence. The financial penalties for this lapse start at a fine ranging from EUR 1,838 to EUR 3,800 for a first offence. In the case of a repeated violation, the penalties increase substantially, reaching between EUR 3,800 and EUR 6,600.

2. Failure to provide information to the tax authorities

This article addresses multiple scenarios involving the withholding or misrepresentation of information required by the tax authorities.

3. Information related to safeguarding assets

If individuals responsible for guarding assets or making decisions fail to provide information mandated by tax laws, or if they provide inaccurate data, they face fines between EUR 1,500 and EUR 2,500. Repeating this offence increases the fine range to EUR 2,200 to EUR 3,300.

4. Third-party information requirements 

Third parties are required to provide specific information to the tax administration, such as data necessary to uphold or end the Inspectorate’s inspection rights or other detailed records. Failing to meet this obligation, or submitting false or incomplete information, can lead to fines ranging from EUR 2,300 to EUR 3,300 for individuals. Repeat offences carry steeper penalties, with fines increasing to EUR 4,500 to EUR 5,600 euros for individuals and up to EUR 6,600 for legal entity leaders or other responsible parties.

Violations of accounting and reporting procedures

The law also updates penalties under Article 207, concerning breaches of accounting and information provision procedures. These violations often involve data required for cooperation purposes (excluding international cooperation):

1. Failure to collect or provide data

If data is not collected or provided to the State Tax Inspectorate when required for cooperation, the fine is set between EUR 500 and EUR 1,300. A repeated failure results in fines ranging from EUR 1,300 to EUR 4,300.

2. Issues with account information

Violations include delayed submission or providing incorrect/incomplete information regarding open or closed accounts, carrying fines between EUR 600 and EUR 1,500. If the breach is repeated, the fine is EUR 1,200 to 3,300.

3. Non-submission of account information

Complete failure to submit information concerning open or closed accounts incurs a higher penalty, from EUR 1,500 to EUR 3,300 euros. Repeating this infraction leads to fines between EUR 3,300 and EUR 6,600.

4. Inspection procedures and data sharing

Failure to perform detailed inspection procedures, collect account data, and submit it to the State Tax Inspectorate, or other breaches of data sharing procedures during cooperation (excluding international collaboration), result in fines from EUR 800 to EUR 3,300. The repeated offence fine is EUR 3,300 to 6,600.

The amendments will go into effect on 1 January 2026.