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Government bitcoin correctly in tax returns in Switzerland

The tax return must be completed by the end of March – at least for those who do not apply for an extension of the deadline. Countless taxpayers face a new challenge this year: They recently jumped on the crypto bandwagon and bought bitcoin or other tokens. Blick clarifies the most important questions about cryptocurrency in your tax return.

Should you declare cryptocurrency to tax authorities?
Strictly speaking, anyone who does not declare bitcoins, ether and whatever they are called is committing tax evasion. “The tax authorities view cryptocurrencies as an asset,” says Marcus Stoll (49). He is a credit expert at VZ Rechts- und Steuerberatung AG. Cryptocurrencies should be mentioned as assets and subject to taxation. “Don’t give anything illegal!” Stoll warns.