Crypto Tax in Lithuania 2026: When You Owe, How Much, and How to Declare It

For most people, crypto tax in Lithuania looks harder than it is. The whole system rests on one question, and once you answer it everything else follows: is your trading occasional, or is it individual activity? That answer decides whether you pay 15% on the amount above €2,500, or GPM plus social-insurance contributions on nearly all of your profit.

When tax actually arises

Tax arises when you dispose of crypto, not when its price rises. Unrealised gains are not taxed — you can hold Bitcoin for ten years and owe nothing as long as you never dispose of it.

Disposal is not only selling for euros. This is where most people get it wrong:

• Selling for euros or any other fiat currency — the obvious case.
• Swapping one crypto for another. BTC → ETH is a taxable event even though not a cent reached your bank account.
• Paying for goods or services with crypto.
• Closing futures and perpetual positions — every closed trade locks in a result.

Two regimes: occasional trading and individual activity

This is the crux. VMI does not judge by what you call yourself but by four characteristics: continuity, independence, the pursuit of economic benefit, and how organised the activity is. If those line up, your trading is individual activity, whether or not you have registered it.

Occasional trading

• €2,500 a year is exempt. In VMI's crypto guidance this threshold applies to the difference between disposal proceeds and acquisition cost — that is, to the gain.
• Above €2,500 the rate is 15%, rising to 20% on the portion of "other" taxable income that exceeds 120 VDU. In practice the 20% band is only reached at very large sums.
• No VSD or PSD social-insurance contributions.

Example: you realise €4,000 of profit over a handful of trades in a year. The taxable base is €4,000 − €2,500 = €1,500. Tax due: €1,500 × 15% = €225.

Individual activity (IV)

If you trade continuously and systematically, the €2,500 allowance no longer applies. From 1 January 2026 a reformed regime is in force: the first band (up to €42,500 of taxable income) carries a progressively rising effective GPM rate, and above it come 20%, 25% and 32% tranches indexed to the average wage. The 2026 VDU is €2,312.15 per month, so the 25% band starts at €83,237 and the 32% band at €138,729.

• Sodra contributions are calculated on 90% of taxable income and total 19.5% in 2026 — VSD 12.52% plus PSD 6.98%. The contribution base is capped at 43 VDU (€99,422.45).
• VSD is waived in your first year of individual activity, and PSD is waived if an employer already covers you. Confirm both with Sodra for your own situation.
• You may deduct actual expenses — exchange fees, tool subscriptions — or apply the flat 30% deemed-expense rate without documentation.

How profit is calculated: FIFO

Profit is the disposal price minus the acquisition cost. When you bought the same coin several times at different prices, you must decide which purchase you are "selling". Lithuania uses FIFO — first in, first out: the earliest units acquired are treated as the first ones sold.

Example. You buy 1 ETH at €2,000, then another at €3,000. You sell 1 ETH for €3,500. Under FIFO you are selling the first one, acquired at €2,000, so the gain is €1,500 — not the €500 you might have hoped for.

This is exactly where doing it by hand falls apart. With a few hundred trades you have to trace the FIFO chain across the whole history, and every crypto-to-crypto swap must additionally be converted to euros at the rate on the day of the trade.

What to declare, and when

• Form: GPM311, the annual personal income tax return.
• Deadline: 1 May for the previous calendar year.
• Occasional trading goes in the asset-disposal annex; individual activity in the individual-activity annex.
• Declare losses too — they show the real picture and matter if VMI reviews your filing later.

The three most expensive mistakes

• Counting only bank withdrawals. Tax arises at disposal, not when money reaches your account.
• Ignoring crypto-to-crypto swaps. For an active trader they make up the bulk of taxable events.
• Declaring active trading as occasional to claim the €2,500 allowance. It is the most common reason a filing gets recalculated.

How to do this in a few minutes

We built a calculator for exactly this. You upload a Hyperliquid or OKX trade-history CSV — or just paste your HL address — and it runs the FIFO matching, converts to euros, separates occasional trading from individual activity, applies the correct 2025 or 2026 rates, and prepares a GPM311 export. Your financial data is processed in your browser.