The list of the SFTA includes the year-end exchange rates of 20 well-known cryptocurrencies such as (CHF 43’071.03), Ethereum (ETH) (CHF 3’389.95) and Litecoin (LTC) (CHF 135.28). These cryptocurrencies have to be valued in accordance with this list and to be declared in the private tax declaration accordingly (in the Canton of Zug in the securities section with a remark “other assets”). If a cryptocurrency cannot be found in the list of the SFTA, one may use https://coinmarketcap.com/.
However, cryptocurrencies 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 cryptocurrencies 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 2021 published by the Swiss Federal Tax Administration is available here:
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