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Author: Admin | 2025-04-28
Given their hard stance on airdrops being subject to Income Tax regardless of why you received the coins - it's likely hard forks may also be subject to Income Tax based on the fair market value of the crypto on the day you receive it.Like most taxes in Switzerland - Gift Tax varies depending on the specific canton in which you live. So while there is no Federal Gift Tax in Switzerland, in some instances you may pay tax on your crypto, depending on where you live. In better news, you may be able to reduce your tax bill with a donation!Gifting cryptoGIFT TAXEach canton sets its own rules for Gift Tax in Switzerland - rates vary between 2% and 36% depending on the amount and the property that was gifted. In some cantons - you'll pay no Gift Tax on gifts to relatives or spouses, while in others you'll pay a reduced rate of Gift Tax to relatives and spouses. You should seek Gift Tax advice based on the specific canton in which you live. Donating cryptoTAX DEDUCTIBLE The FTA has not issued specific guidance on donations of crypto and whether they're tax deductible. However, if you sell crypto for fiat currency (which is Capital Gains Tax free for private investors) and make a donation to a qualifying Swiss-based charity - you can claim a tax deduction for charitable contributions. The tax deduction is capped with a ratio of your taxable income - so you can't make a huge donation and pay no taxes.On a Federal level - Switzerland considers crypto mining to be a type of income. To further convolute things though, specific cantons set the limits as to whether mining is considered business or self-employment income which affects the subsequent taxation and deductions.For example, the cantons of Bern and Zurich state that crypto mining always falls under self-employment income, while the cantons of Lucerne and Zug assess crypto mining activity on a case-by-case basis to establish whether mining activity constitutes self-employment activity, hobby activity, or business activities.All this to say, the rate of tax and the kind
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