How does the Swiss tax system treat income from cryptocurrency trading?

1 answers

• McCann RollinsJul 27, 2020 · 5 years ago
  As an expert in the Swiss tax system, I can confirm that income from cryptocurrency trading is subject to taxation in Switzerland. The tax authorities treat cryptocurrencies as assets, and any gains from trading them are considered taxable income. It is important for individuals involved in cryptocurrency trading to keep accurate records of their transactions, including the purchase and sale prices, as well as any fees incurred. These records will be necessary for calculating the taxable income and fulfilling tax obligations. The tax rate will depend on the individual's tax bracket and the duration of holding the cryptocurrencies. To ensure compliance with the tax regulations, it is advisable to consult with a tax professional or seek guidance from the Swiss tax authorities.
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