From a tax point of view, cryptocurrencies are assessable movable assets. In the interest of a simple and easily comprehensible declaration, cryptocurrencies must be listed in the annual tax return in the form "List of securities and assets". For more information click here

Wealth tax

For wealth tax purposes, the worldwide assets must be recorded in the tax return, thus all assets, including those in the crypto sector, must be converted into a FIAT currency (preferably CHF) as of the reporting date and declared in the securities register.

Income Tax

Capital gains on movable private assets, which include cryptocurrencies, are generally tax-free. Accordingly, losses on cryptocurrencies cannot be deducted for tax purposes. Income from crypto-related activities (e.g. mining) is generally taxable as main or secondary income. Fees for administration can be deducted with a flat rate depending on the canton. If the actual fees exceed the flat rate, these can be deducted for tax purposes, taking into account the effective obligation to provide evidence.