Cryptocurrencies, also called cryptos (cryptocurrencies, tokens), are financial assets, which must be declared in the tax return. This applies to all currencies. Income, however, is taxable if, for example, tokens are mined.
When it comes to federal taxes, cryptocurrencies are subject to direct federal taxes, withholding taxes and stamp duties.
How is the tax assessment carried out?
The valuation depends on whether the tokens are tradable and have an ascertainable value per 31.12. of the respective tax year. Since there are already over 10 different cryptos While trading in "exotic" cryptocurrencies is possible, it is not always transparent or verifiable. In such cases, it is worthwhile to document the original costs, which are often relatively low when the cryptocurrencies or coins are issued.
What types of tokens are there?
Tokens are technologically based on a blockchain that maintains a distributed ledger. This accounting can basically contain any type of document in order to later prove which transactions have been carried out. Logically speaking, this is called
-
- pure currency tokens
-
- utility token
-
- Smart contracts
-
- Themed Cryptos (Gaming, NFT, Fans, Music, Sports)
etc. In the tax environment, however, a distinction is made as follows:
| Wealth tax | income tax | withholding tax | |
| payment tokens | ja | only if part of wages/bonus, self-mined, income from staking or airdrops, otherwise tax-exempt capital gains | no |
| investment tokens | depending on ownership, debt or equity | Furthermore, participation rights must be examined | depending on the issuer |
| usage token | ja | if part of the salary, participation must be clarified | no |
Cryptos in the tax return in Switzerland
If you have tokens in your assets, a simple list of positions is often sufficient. These, as well as special cases with income, are Simpletax according to the actual effort involved in completing the tax return. We will be happy to provide you with a Special Offers.
