Taxes · CHE
Taxes in Switzerland
Switzerland is broadly crypto-friendly for private individuals: capital gains on cryptocurrency are tax-free provided the holder qualifies as a private investor rather than a professional trader. However, income from mining, staking, airdrops, and similar activities is taxable as ordinary income. Cantonal taxes vary significantly, and the Swiss Federal Tax Administration has issued guidance classifying crypto as assets subject to wealth tax, requiring declaration of holdings at year-end fair market value.
Income tax
Mining and staking rewards are treated as taxable income at the time of receipt, valued at market price. Declared as other income on cantonal tax returns and taxed at progressive federal and cantonal rates, which vary by canton but federal rate reaches up to 11.5%.
VAT / GST
Exempt. The Swiss Federal Tax Administration treats cryptocurrency exchange as a VAT-exempt financial service for individuals. No VAT applies on buying or selling crypto as a private individual.
Capital gains
Generally exempt from capital gains tax for private individuals. Gains from crypto disposal are tax-free if the holder is classified as a private investor, not a professional trader. Professional traders are taxed as self-employment income at progressive rates.
Type case, not tax advice: figures describe a single average earner and standard rates; your situation depends on residency, deductions and local rules. Verify with the tax authority before acting. — Fiatmap