How is crypto taxed in Armenia?

Crypto tax in Armenia changed in 2025, when the Tax Code was amended to match the new Law on Crypto-Assets. As of October 2026, individuals who are not running a business generally owe no income tax on gains from buying and selling crypto. Companies pay the standard 18% profit tax, and a reduced 1% rate applies to some rewards and to NFTs.

Is there an Armenia crypto income tax for individuals?

For ordinary trading, no. PwC's Global Crypto Tax Report 2026 says income from disposing of crypto-assets is not subject to personal income tax for individuals, because it is treated as deductible income. The Yerevan law firm Vardanyan & Partners describes the same result as a 0% rate for non-entrepreneur individuals under Article 150 of the Tax Code.

There is a limit. Vardanyan & Partners says a person whose trading crosses business-activity thresholds may be reclassified and taxed at the 18% profit tax rate, so keeping records of each deal matters. PwC says income taxed at the 1% rate is reported in the personal income tax declaration, which for 2025 income is due by November 1, 2026.

How are mining, staking and NFTs taxed in Armenia?

At 1%. PwC says a 1% income tax rate applies when someone disposes of unique, non-fungible assets, including NFTs, or crypto-assets received as incentives in decentralized systems. Vardanyan & Partners lists mining and staking rewards in that group, taxed when the asset is sold or otherwise disposed of. More on these in how is crypto mining taxed and is crypto staking taxable.

Large-scale mining has its own route. Operators inside the Hrazdan free economic zone pay no profit tax on mining income and can get VAT relief, provided they meet real-presence conditions, according to Vardanyan & Partners.

How do businesses pay crypto tax in Armenia?

Companies and business traders pay 18% profit tax on crypto profits, and PwC says this income goes in the annual corporate return due April 20 of the following year. Vardanyan & Partners adds that crypto losses cannot be set against other business income, and licensed crypto service providers cannot use simplified tax regimes.

On VAT, Vardanyan & Partners says selling a crypto-asset is exempt, while fees for exchange, custody and brokerage carry the standard 20% rate. A crypto-asset's starting value is its acquisition price, based on prices from government-approved exchanges converted at the Central Bank's official rate. That list of exchanges was still a draft in April 2026.

Licensing of crypto firms is separate from tax and is covered in is crypto legal in Armenia. Andersen notes the Law on Crypto-Assets took effect on July 4, 2025.

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.