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Taxes on Bitcoin and co. in Switzerland

Information on cryptocurrency taxation

Cryptocurrencies and taxes in Switzerland

The tax treatment of cryptocurrencies raises some questions. Do profits from trading with Bitcoin & co. have to be taxed in Switzerland? Are there any taxes on profits from mining, trading, master nodes and airdops etc.? Are there trades that remain tax-free in Switzerland? What calculation methods are permitted in Switzerland?
On this information page you will find answers to the taxation of cryptocurrencies in Switzerland. The most important cantons with regard to cryptocurrencies were selected for this purpose.

General crypto tax situation in Switzerland

Each canton publishes its own regulations regarding cryptocurrencies and taxes. Tax rates vary from one canton to another canton. At the cantonal tax level, the cantons are free to set their own tax rates. We have information on the taxation of cryptocurrencies in the cantons of Zurich, Berne, Lucerne, Zug and Basel.

Taxation of cryptocurrencies in the canton of Zurich

In the following, the tax cantons are explained individually, beginning with the Canton of Zurich. Cryptocurrencies are digital units of account that can serve as means of payment and capital investment. Credit balances in cryptocurrencies are subject to wealth tax (§ 38 StG). Capital gains from movable private assets are tax-free (§ 16 para. 3 StG) and capital losses are irrelevant for tax purposes. However, it is advisable to record these transactions and to be able to produce proof of origin in the case of such transactions (e.g. also to banks). Detailed information on the taxation of digital currencies in the Canton of Zurich can be found in our free and more than 50 page crypto tax guide.

Taxation of cryptocurrencies in the canton of Berne

he second major important canton in Switzerland is Bern. Cryptocurrencies are subject to property tax (Art. 46 para. 1 StG). As with other private assets, the valuation is based on the market value as at 31 December. Here, the year-end price is used. According to the trading platform which was used. For the ten best-known cryptocurrencies - such as Bitcoin, Ethereum and Litecoin - the Federal Tax Administration (FTA) publishes official tax values that correspond to the average of various trading platforms. Information on the subject of taxes on cryptocurrencies in private assets, business assets and income and wealth tax in the Canton of Berne can be found in detail in our Kryptosteuerguide.

Taxation of cryptocurrencies in the canton of Lucerne

In the canton of Lucerne, cryptocurrencies are also subject to wealth tax (§ 43 Para. 1 StG). Cryptocurrencies are executed as other assets for reasons of procedural economy and contrary to the property law qualification in the list of assets and securities. In order to achieve a favourable tax result, you should be able to present a complete report on your transactions when submitting your tax return . With Blockpit you can create a tax report. More information about taxation of cryptocurrencies can be found in our crypto tax guide.

Taxation of cryptocurrencies in the canton of Zug

As the home of the crypto valley, Zug is predestined to attract many crypto enthusiasts. In the tax return, cryptocurrencies are declared as valuables and movable items. According to § 38 Paragraph 1 StG, cryptocurrencies are subject to wealth tax at the year-end rate together with other assets (bank balances, securities, vehicles, real estate). The Blockpit platform helps you to automatically document profits and losses from trades. You can find out how price gains and losses as well as commercial trading in cryptocurrencies are declared in the Canton of Zug in our crypto tax guide.

Taxation of cryptocurrencies in the canton of Basel

For the most common virtual currencies, the Swiss Federal Tax Administration (FTA) publishes an official market value as an average of various trading platforms. There is also a difference in the declaration of movable private assets/capital gains and movable business assets in the canton of Basel. In the Blockpit platform you can automatically record all trades and generate a tax report in a few minutes, which is helpful for a favourable tax result. More detailed information can also be found in our blog article. A distinction must also be made between income from self-employment and income from paid employment in the Canton of Basel. More information can be found in our free crypto tax guide.

The Blockpit platform

All your trades in one clear dashboard

Cryptocurrencies & taxation are complex and hard to grasp issues, therefore our focus is on making the platform easy to use, as well as providing great usability. As clearly shows, filing taxes for cryptocurrencies like Bitcoin, Ethereum and co. concerns investors and traders just as much as government bodies and corporations. Our partner network consisting of certified tax advisors provides the added value of not having to rely on a black box when calculating crypto tax profits, but instead being able to rely on a certified, compliant report. Correctly file your cryptocurrency taxes and stay on the safe side with officially validated tax documentation.
Blockpit-tax calculation and portfolio tracking