What sources does Taxxa search?

Taxxa searches a continuously updated collection of more than one million pages from tax authorities, government publications, legislation and case law across the European jurisdictions it covers. Every response cites the underlying material, so a professional can inspect the rule, its jurisdiction and whether it is current before relying on the result.

Can Taxxa work with a team’s own documents?

Yes. Research can combine the public knowledge base with a team’s own PDF, DOCX, CSV and TXT files in one workspace. That makes it possible to compare a client document with the relevant guidance, trace a conclusion to its source and prepare a draft without losing the evidence that supports it.

Who is Taxxa built for?

Accountants, auditors, tax advisors, payroll specialists, bookkeepers and advisory teams working across European jurisdictions. Shared workspaces keep research available to colleagues, and citations make review easier.

Where is customer data stored, and is it used to train models?

Customer data stays in the European Union and is never used to train language models.

Does Taxxa replace professional judgement?

No. Taxxa is a research and drafting workspace. It helps professionals reach an informed starting point faster; the professional still reviews the evidence and makes the final decision. It does not file returns, post bookkeeping entries or give legal advice.

LithuaniaVMI

FATCA registration alone does not establish financial-institution status for CRS

VMI says reporting institutions must assess the available information before classifying an entity under CRS; a GIIN or FATCA-list entry is insufficient on its own.

By Taxxa AI OyPublished 22 August 2026

Tax

Industry: Financial service activities, except insurance and pension funding

Lithuania’s State Tax Inspectorate (VMI) has clarified that an account holder’s FATCA registration does not, by itself, establish that the entity is a financial institution under the Common Reporting Standard (CRS). The clarification addresses institutions checking the status of entity account holders.

A Global Intermediary Identification Number, or GIIN, is assigned by the US Internal Revenue Service to institutions registered under FATCA. VMI says neither presentation of that identifier nor inclusion on the FATCA financial-institution list is sufficient on its own for the CRS classificationVMI. The reporting institution must consider all information it holds or that is publicly availableVMI and establish that the evidence is sufficient to determine the entity’s CRS status reasonably.

VMI points to the due-diligence provisions for both pre-existing and new entity accounts. Those provisions generally call for an account-holder self-certification to determine whether the holder is a passive non-financial entity. They allow an institution to rely instead on information it holds or that is publicly available where it can reasonably determine that the holder is an active non-financial entity or a financial institution. The specified category of investment entity outside a participating jurisdiction is excluded from that exception.

The distinction matters for identifying reportable accounts. For a passive non-financial entity, the rules require the reporting institution to establish whether any controlling person is reportable. Where at least one controlling person is reportable, the account is treated as reportable. Establishing the entity’s status is therefore part of the due-diligence process, rather than a conclusion that follows automatically from a FATCA identifier.

The legal basis is point 4.2.1 of Annex 3 and point 2.1 of Annex 4 to the CRS rules approved by VMI Order VA-102.

Check entity status using sufficient CRS evidence rather than relying solely on a GIIN or FATCA-list entry.

Sources