How are cryptos taxed in Switzerland?

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 as of December 31.12 of the respective tax year. Since there are already over 10 different cryptos trading of "exotics" is not always possible or understandable. In such cases, it is worth proving the original costs, which are very often relative when the cryptos 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 Offers.