Quick answer
In 2026, Andorran tax residents pay a maximum of 10% on cryptocurrency gains. Gains from selling or swapping crypto fall into the savings base, where the first EUR 3,000 of savings income is tax-free and the rest is taxed at 10%. Active trading or mining can be taxed as business income instead. There is no wealth tax.
Last reviewed: November 2026 · Reviewed by Stéphane Gombauld, tax expert, technologist and digital nomad
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Find my savings →You hold crypto, maybe a lot of it, and Andorra's 10% ceiling looks attractive. The question is how your gains, staking rewards and trades are actually classified. After this guide, you will know what you pay, when you pay it and how to keep the bill as low as the law allows.
Andorra cryptocurrency taxes in 2026: the key figures
| Item | Rule in 2026 |
|---|---|
| Legal framework | Law 5/2014 on IRPF; Law 24/2022 on the digital representation of assets and crypto activity |
| Gains on disposal (sale, crypto-to-crypto swap, payment) | Savings base, taxed at 10% |
| Savings income allowance | First EUR 3,000 of savings income exempt each year |
| Staking, lending and similar rewards | Likely savings income at 10% |
| Mining and professional trading | Business income: 0%/5%/10% bands plus CASS contributions |
| Companies holding crypto | Corporate income tax at 10% |
| Wealth tax on crypto holdings | None |
| Non-residents | Generally not taxed on crypto gains, unless the gain is Andorran-source |
Is this guide for you?
Read on if you…
- are an Andorran resident, or about to become one, with a crypto portfolio;
- earn staking rewards or trade actively;
- are thinking about running a crypto business from Andorra.
Probably not your case if you…
- are still resident in Spain or France and only hold an Andorran bank account;
- only hold crypto through a regulated fund taxed as a fund (see our guide to capital gains tax in Andorra).
How are crypto gains taxed for Andorran residents?
Andorra taxes residents on worldwide income through the IRPF, its personal income tax. Crypto is treated as an asset. When you dispose of it, you have a capital gain or loss.
What counts as a disposal?
A taxable event happens when you:
- sell crypto for euros or another fiat currency;
- swap one crypto for another (BTC to ETH counts);
- pay for goods or services with crypto;
- gift crypto to someone, valued at market price.
Simply buying and holding is not taxed. Moving coins between your own wallets is not a disposal.
How is the gain calculated?
Gain = disposal value minus acquisition cost, including fees. Keep records for every lot: date, amount, price in euros. If your exchange does not give you a clean report, export it every year. The method for matching lots (for example first-in, first-out) should be applied consistently.
What rate applies?
Crypto gains go into the savings base, alongside interest and foreign dividends. The first EUR 3,000 of savings income each year is exempt. Everything above is taxed at 10%. That's it – no progressive scale up to 20% or 28% as in Spain or Portugal.
Losses can offset gains in the same savings base.
When does crypto become business income?
Here's the catch. If you trade like a business, Andorra may tax you like one. Signs include high frequency, use of leverage, trading for others, or mining with dedicated hardware.
Business income falls into the general base:
| General income band (2026) | Rate |
|---|---|
| Up to EUR 24,000 | 0% |
| EUR 24,000 – EUR 40,000 | 5% |
| Above EUR 40,000 | 10% |
The top rate is the same 10%. The real difference is social security: self-employed people pay CASS contributions, and you need a self-employed registration and an active residence permit to run a business. Honestly? For most passive holders, savings-base treatment is simpler and cheaper.
Can you run a crypto business from Andorra?
Yes, but it is regulated. Since the 2022 digital assets law, crypto service providers – exchanges, custodians, issuers – need authorisation from the AFA, Andorra's financial regulator. A company pays 10% corporate income tax, and the indirect general tax (IGI, Andorra's VAT) applies to some services.
Choosing between self-employment and a company is a structure question. Our guide to legal forms of business in Andorra compares them. For the corporate rate details, see corporate income taxes in Andorra.
How does Andorra compare for crypto investors?
| Country | Rate on crypto gains for residents (2026) | Notes |
|---|---|---|
| Andorra | 10% (after EUR 3,000 savings allowance) | No wealth tax |
| Portugal | 28% if held under 365 days; long-term gains generally exempt | See cryptocurrency taxes in Portugal |
| Spain | 19% to 30% savings scale | Plus wealth tax in some regions; see taxation of cryptocurrencies in Spain |
Good news if you are a long-term holder in Portugal: you may pay nothing there. Andorra wins mainly for active holders who realise gains often.
How does crypto compare with other assets in Andorra?
Crypto is not the only asset with special rules. Here is how Andorra treats the main asset types for residents in 2026.
| Asset | Resident tax on gains | Holding period / exemption |
|---|---|---|
| Listed or private shares (holding under 25%) | Exempt | No minimum holding period |
| Shares (holding of 25% or more) | 10% | Exempt after 10 years of holding |
| Investment funds | 10% in the savings base | EUR 3,000 savings allowance |
| Crypto | 10% in the savings base | EUR 3,000 savings allowance |
| Andorran real estate | Separate property capital gains tax | Rate falls with holding period, 0% after 10 years |
Non-residents are generally not taxed in Andorra on crypto or foreign share gains. Andorra has no exit tax when you leave, but your next country may tax gains realised after arrival. See our guide to ceasing tax residency in Andorra.
How do you pay less, legally?
- Use your EUR 3,000 allowance each year by realising some gains annually.
- Time disposals around your move. Selling after you become Andorran resident, not before, can cut your rate from 28% or more to 10%. Your former country may still have an exit tax – check it first.
- Offset losses against gains in the same year.
- Keep clean records. Unsupported acquisition costs can mean the full proceeds are treated as gain.
- Stay genuinely resident. If your former country still claims you, the 10% rate is irrelevant. See the practical guide to obtaining tax residency in Andorra.
Example – Lucas, long-term crypto investor
Lucas moved to Andorra on a passive permit in 2025. In 2026 he sells ETH bought in 2021 for EUR 20,000, receiving EUR 120,000. His gain is EUR 100,000. He has no other savings income. The first EUR 3,000 is exempt, so EUR 97,000 is taxed at 10%: EUR 9,700. Had he sold while resident in Spain, the same gain would have cost him around EUR 21,900 at the savings scale.
Lucas saved about EUR 12,000 on one sale. Your portfolio may hold similar savings.
Find my savings with a crypto-aware review of my Andorra tax setup.
Find my savings →Common mistakes (and what they cost)
- Ignoring crypto-to-crypto swaps → each swap is a disposal, and unreported gains attract penalties and late interest.
- Selling just before you move → you pay your former country's rate, often 19% to 28% or more, instead of 10%.
- No cost-basis records → the tax department may treat the full proceeds as gain.
- Trading like a business without registering → reclassification as business income, plus CASS contributions and fines.
- Using an unlicensed crypto service in Andorra → operating without AFA authorisation is a regulatory breach.
Frequently asked questions
What is the crypto tax rate in Andorra in 2026?
For residents, crypto gains fall into the savings base. The first EUR 3,000 of savings income each year is exempt, and the rest is taxed at 10%. If your crypto activity counts as a business, such as professional trading or mining, the general-base bands apply: 0%, 5% and 10%, plus social security contributions.
Are crypto-to-crypto swaps taxed in Andorra?
Yes. Swapping one cryptocurrency for another is a disposal. You calculate the gain using the market value in euros at the time of the swap minus your acquisition cost. Keep a record of every swap, including fees. Moving coins between your own wallets is not a disposal and is not taxed.
Does Andorra have a wealth tax on crypto?
No. Andorra has no wealth tax, so holding crypto does not trigger annual tax on its value. You only pay tax when you dispose of it or earn income from it, such as staking rewards. There is also no inheritance or gift tax at national level, which matters for large portfolios.
How are staking rewards taxed in Andorra?
Staking and lending rewards are generally treated as savings income, taxed at 10% above the EUR 3,000 allowance. If you run validator nodes as a business, the income may be business income in the general base instead. Classification is not fully settled in guidance, so document your activity and check the current position before filing.
Do I need a licence to run a crypto business in Andorra?
Yes, for regulated services. Since 2022, providers of crypto services such as exchanges, custody or token issuance need authorisation from the Andorran Financial Authority. You also need a company or self-employed registration and, as a foreigner, foreign investment authorisation. Holding and trading your own crypto does not require a licence.
Related guides
- Capital gains tax in Andorra
- Corporate income taxes in Andorra
- Legal forms of business in Andorra
- Practical guide to obtaining tax residency in Andorra
- Tax incentives for expats and digital nomads in Andorra
- Andorra tax landscape overview
- All country tax guides
Sources
- Butlletí Oficial del Principat d'Andorra (BOPA) – Law 5/2014 on IRPF and the 2022 digital assets law
- Departament de Tributs i de Fronteres – Andorran tax authority
- Andorran Financial Authority (AFA) – crypto service providers
- Govern d'Andorra – official government portal
- OECD – Crypto-Asset Reporting Framework
This guide is general information, not personalised tax advice. See how we research and review.
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