29 March 2020
One question we get often is about crypto and the Swiss tax system. How do we treat it? What should we declare?
For the Swiss taxes, holding crypto is like a balance on a bank account; just upload the statement of your crypto custodian.
If you have a valuation for that crypto currency, that is helpful, as we need to report the CHF value in the tax return. Any profit and loss is not taxable income... as long as you are not classified as a professional trader.
If you are classified as a professional trader, then things become significantly more complicated and in that case, we would also involve our accountant and treuhand partners.