Crypto currencies are a quite attractive investment object due to the large increase in value. Since these investments are relatively new, the tax treatment still raises some questions.
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Income tax
As long as crypto currencies are not commercially traded, profits and losses from assets, which are invested in crypto currencies, should be tax-free.
Capital gains and losses are tax-free in Switzerland and analogously this should also apply to gains and losses from the purchase and sale of crypto currencies.
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Wealth tax
The balance from crypto currencies is subject to wealth tax in the same way as money deposited in bank accounts or invested in shares. The value of the respective crypto currency as of 31 December of the corresponding tax year is used for the valuation.
