Key Takeaways
- Crypto gains are taxed at 10% under the personal income tax savings base.
- The first €3,000 of net gains each year is exempt.
- Every disposal is taxable — including crypto-to-crypto swaps.
- Andorra does not mandate FIFO; other consistent methods are accepted.
- No wealth tax on holdings, no exit tax on crypto, no inheritance tax.
In Andorra, crypto gains are taxed as savings income under personal income tax (IRPF) at 10%, with the first €3,000 of net gains each year exempt. Every disposal is a taxable event — including crypto-to-crypto swaps — but you can use accounting methods other than FIFO, and losses offset gains. There is no separate crypto tax and no wealth tax on holdings.
How crypto is taxed
Andorra treats cryptocurrency under its existing tax framework rather than a bespoke crypto tax. The relevant laws are Law 5/2014 on Personal Income Tax and Law 24/2022 on Digital Assets. For an individual who is an Andorran tax resident:
- Gains from selling or exchanging crypto go into the savings tax base and are taxed at 10% of the net gain.
- The first €3,000 of net savings-base gains per year is exempt.
- Each disposal is a taxable event: selling to euros, spending crypto, and swapping one token for another all realise a gain or loss in euro terms.
- Losses can be offset against gains of the same nature in the same year, and carried forward to later years.
Calculating the gain
The gain is the euro sale value minus the euro acquisition cost. Unlike Spain, Andorra does not mandate FIFO — any justified, consistent method (such as LIFO or average cost) is accepted, which gives room to plan the order in which lots are sold. Keep clean records: exchange exports, wallet histories and euro valuations at each transaction date.
Staking, mining, DeFi and NFTs
- Mining is treated as a business activity — income is taxed in the general base, and you would typically operate it through an Andorran company at the 10% corporate rate.
- Staking and lending rewards are generally treated as investment income; the euro value at receipt sets the cost base for a later disposal.
- DeFi, airdrops, forks and NFTs are handled case by case, and Andorra’s treatment is generally more favourable and more clearly defined than in Spain or France.
What Andorra does not tax
- No wealth tax — simply holding crypto, at any value, is not taxed.
- No exit tax on crypto when you later leave Andorra.
- No inheritance tax — crypto passed to heirs is not taxed in Andorra.
The catch: you have to actually be tax resident
All of the above applies only if you are an Andorran tax resident — more than 183 days a year in the country, or your centre of vital interests there. Moving crypto wealth to a country that still considers you tax resident does nothing. And your departure country may tax the gain that accrued while you lived there, or apply an exit charge. High-value crypto relocations need proper cross-border planning, not just an Andorran address.
Frequently asked questions
What is the crypto tax rate in Andorra?
10% on net gains, under the personal income tax savings base, with the first €3,000 of gains each year exempt.
Is crypto-to-crypto trading taxable in Andorra?
Yes. Every disposal, including swapping one cryptocurrency for another, realises a gain or loss in euro terms and is a taxable event.
Does Andorra have a wealth tax on crypto?
No. Andorra has no wealth tax, so holding cryptocurrency is not taxed regardless of value.
Do I have to use FIFO to calculate crypto gains in Andorra?
No. Unlike Spain, Andorra accepts other consistent, justifiable methods such as LIFO or average cost.
How is crypto mining taxed in Andorra?
Mining is treated as a business activity, usually carried out through an Andorran company taxed at the 10% corporate rate.
Last reviewed: 3 September 2026. General information, not tax advice; digital-asset tax rules are evolving and this page may become out of date. Confirm your position with a licensed Andorran tax advisor. Speak to our team.
