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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
psycodad
on 28/06/2023, 15:31:27 UTC
good old germany Grin



The 11.5% for Switzerland are complete nonsense.
There is no crypto tax, there is only a property tax where crypto coins are added (based on an average fiat worth that the tax admin sets yearly) to your other properties and this tax is almost always in the very low single percentage figures (~1-5%).
Trading gains are tax free too as long as they do not classify one as professional trader (which would simply lead to paying income taxes on the gains).


Is it even possible to talk about a single tax on cryptocurrencies throughout Switzerland, when in fact each canton has different tax laws? As far as I know, in Switzerland cryptocurrencies are classified as movable property. But some cantons made them a subject to income tax, some - to capital gain tax, some to wealth tax, and some even to value added tax. And all this taxes are different.

As far as I understand and know, it counts as moveable property in every canton and is exclusively subject to wealth tax which is federal tax law (1). It's just that the wealth taxes % differ quite a bit over different cantons (the poorer and more rural the canton, the higher the wealth tax).

If you mine (possibly applies to staking too), it is income and has to be declared as such, otherwise there is no canton charging income tax on any capital gains of private persons.
So my understanding is rather, the law is everywhere the same, the rates/percentages asked differ from canton to canton.

(1) sorry, no english version available but ofc french and italian: https://www.estv.admin.ch/estv/de/home/direkte-bundessteuer/fachinformationen-dbst/kryptowaehrungen.html