Armenia has approved an update to its international tax reporting rules, expanding the types of financial information, including crypto-assets, that will be shared with tax authorities. The move strengthens cross-border transparency and aligns the country with global standards on tax compliance.
Armenia approved an update to its international tax reporting system by signing the Addendum to the CRS MCAA on 8 January 2026, expanding the information financial institutions must report, including holdings in crypto-assets, and tightening due diligence procedures.
This addendum updates the Common Reporting Standard (CRS), a global framework used by countries to automatically exchange financial account information for tax purposes. The 2023 amendments to the CRS broaden the types of information that financial institutions must report, notably reporting on crypto-assets and other emerging financial products, reflecting the growing complexity of global finance.
The move ensures Armenia stays in step with global standards on tax compliance and cross-border transparency.
Starting with the next reporting cycle, more detailed financial information will be shared with tax authorities in participating countries, helping combat tax evasion and align with international best practices.
