The list of the SFTA includes the year-end exchange rates of 20 well-known cryptocurrencies such as Bitcoin (BTC) (CHF 25,476.03), Ethereum (ETH) (CHF 650.93) or Litecoin (LTC) (CHF 110.45). These so-called native-coins have to be valued in accordance with this list and to be declared in the private tax declaration accordingly. However, native-coins that qualify as business assets of an individual are subject to wealth tax according to their book values. Consequently, a taxpayer should, in a first step, analyse whether his/her native-coins are considered business assets or private assets.
Asset-backed-tokens, such as debt-, equity- or participation tokens, and utility tokens are usually valued according to their year-end exchange rates on crypto exchanges (in case of a listing) or – if no such exchange rates are available – according to the respective original purchase prices. The complete list of the year-end exchange rates 2020 published by the Swiss Federal Tax Administration is available here: