Bitcoin Tax in Armenia (2026)

Individuals exemptResearch in progressLast reviewed 2026-09-06

The full guide for this country is being researched

What is on this page now is verified against the sources listed below: the tax authority, the governing rule and the shape of the regime. Rates, exemptions and the reporting duty land here once our research is reviewed.

The Tax Code, in article 147 part 1 point 16.1, lists income from the alienation of crypto-assets among the deductible, non-taxable incomes of an individual. The exemption has two carve-outs. It does not cover unique, non-fungible crypto-assets (each with its own distinct features), and it does not cover crypto-assets created automatically as a reward for maintaining a decentralized ledger or validating transactions. Income from alienating those two categories is taxed at a rate of one percent under article 150 part 9.1. The Code defines a crypto-asset by reference to the Law on Crypto-Assets (article 4 point 17.1), names the State Revenue Committee as the tax authority, and sets the cost basis of a crypto-asset in article 16.1, added by Law HO-175-N of 29 May 2025, which is also listed among the amendments to articles 147 and 150.

Regime: Individuals exempt
Tax authority: State Revenue Committee of the Republic of Armenia
Framework: Tax Code of the Republic of Armenia, article 147 part 1 point 16.1 and article 150 part 9.1 (with article 16.1 on cost basis) (2016)

What is not taxed

Income from the alienation of a crypto-asset is deductible, non-taxable income for income tax purposes under article 147 part 1 point 16.1 of the Tax Code, except income from alienating unique, non-fungible crypto-assets and crypto-assets created automatically as a reward for maintaining a decentralized ledger or validating transactions.

Mining income

Crypto-assets created automatically as a reward for activity maintaining a decentralized ledger or validating transactions are excluded from the article 147 exemption, and income from alienating them is taxed at a rate of one percent under article 150 part 9.1 of the Tax Code.

Frequently asked questions

Do I pay income tax when I sell bitcoin in Armenia?

Article 147 part 1 point 16.1 of the Tax Code lists income from the alienation of crypto-assets as deductible, non-taxable income for an individual. The exemption does not apply to unique non-fungible crypto-assets or to crypto-assets created as mining or validation rewards.

How is the cost basis of a crypto-asset set in Armenia?

Article 16.1 of the Tax Code, added by Law HO-175-N of 29 May 2025, sets the initial value on the day of acquisition or receipt, including receipt free of charge. It takes the price published in US dollars or euros by an exchange on the Government's list, determined under the Government's procedure, converted at the Central Bank of Armenia's average market exchange rate published by 16:00 that day.

What documents prove my bitcoin purchase cost to the Armenian tax authority?

Article 55 part 15 of the Tax Code says that the right to income from crypto-asset alienation transactions, and the costs of acquiring crypto-assets, may be documented with other documents that support those transactions even though they are not settlement documents.

Sources

ARLIS: Tax Code of the Republic of Armenia (official incorporation)

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