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Old 16.03.2021, 20:59
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Cryptocurrencies taxes

Hi all, I have few crypto currencies since few years but I have not declared them because i was not aware of the mandatory declaration of such an asset.

Will be this an issue when I will declare them?
How much is the taxation?
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Old 16.03.2021, 21:09
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Re: Cryptocurrencies taxes

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Hi all, I have few crypto currencies since few years but I have not declared them because i was not aware of the mandatory declaration of such an asset.

Will be this an issue when I will declare them?
How much is the taxation?
If you didn’t cash them and you only HODL them, then probably you would be fine. Anyway, in EasyTax you declare it under Vermögen section as Kryptowährungen. That’s all.

You can also dispute that some crypto’s are not securities, something like in case SEC versus Ripple, but good luck with that one.

I’m very curious myself how it works, as I HODL 12 different cryptocurrencies.
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Old 16.03.2021, 22:03
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Re: Cryptocurrencies taxes

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If you didn’t cash them and you only HODL them, then probably you would be fine. Anyway, in EasyTax you declare it under Vermögen section as Kryptowährungen. That’s all.

You can also dispute that some crypto’s are not securities, something like in case SEC versus Ripple, but good luck with that one.

I’m very curious myself how it works, as I HODL 12 different cryptocurrencies.
I have more than 10 cryptos too, is possible to declare them easily on EasyTax?

If I hold one currencies short term and I sell, how would you declare it? How country can find out about such a "fast" transaction?
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Old 16.03.2021, 22:08
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Re: Cryptocurrencies taxes

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I have more than 10 cryptos too, is possible to declare them easily on EasyTax?

If I hold one currencies short term and I sell, how would you declare it? How country can find out about such a "fast" transaction?
Well, your broker usually provides you with tax return statement end of financial year.

If you hold on to crypto’s without selling them then you simply declare them on the form. Most likely nothing happens. If you sold them, then you would declare the cash gained from selling those assets. Then most likely capital gain tax is payable.
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Old 17.03.2021, 09:39
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Re: Cryptocurrencies taxes

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Then most likely capital gain tax is payable.
In Switzerland?
There is no CGT, or?
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Old 17.03.2021, 10:01
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Re: Cryptocurrencies taxes

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In Switzerland?
There is no CGT, or?
That’s correct. No capital gain tax. Equivalent in Switzerland is wealth tax. Depends on if you are classified as private or professional investor, in which case the following criteria may apply:

https://www.moneyland.ch/en/stock-ma...ofits-tax-free
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Old 23.03.2021, 15:09
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Re: Cryptocurrencies taxes

can anybody suggest me an online service to declare my taxes and cryptos for Zürich area?

Last edited by Checco; 23.03.2021 at 15:21.
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Old 23.03.2021, 16:29
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Re: Cryptocurrencies taxes

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can anybody suggest me an online service to declare my taxes and cryptos for Zürich area?
What do you mean?
Canton of Zurich has their "online service" i.e. application for reporting taxes.
Or you need an advisor?
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Old 23.03.2021, 16:35
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Re: Cryptocurrencies taxes

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What do you mean?
Canton of Zurich has their "online service" i.e. application for reporting taxes.
Or you need an advisor?
So I can declare cryptos there? What is the link? Thanks
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Old 23.03.2021, 16:57
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Re: Cryptocurrencies taxes

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So I can declare cryptos there? What is the link? Thanks
Did you not receive the doc with QR codes etc?

https://www.zh.ch/de/steuern-finanze...-personen.html

Declare them this year. If they ask you anything about why not earlier years, admin you made the mistake. They will sort you out.
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Old 24.03.2021, 14:37
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Re: Cryptocurrencies taxes

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Did you not receive the doc with QR codes etc?

https://www.zh.ch/de/steuern-finanze...-personen.html

Declare them this year. If they ask you anything about why not earlier years, admin you made the mistake. They will sort you out.
Not sure I got the QR code, is the one in the Lohnausweis?
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Old 24.03.2021, 14:44
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Re: Cryptocurrencies taxes

Tried to access the Zurich taxes application but asks me a Zugangcode, where to take it? Maybe I did not receive it and the QR code becasue my salary is less then 120k and I have permit B, then the taxes are cut at the source?
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Old 24.03.2021, 15:48
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Re: Cryptocurrencies taxes

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Tried to access the Zurich taxes application but asks me a Zugangcode, where to take it? Maybe I did not receive it and the QR code becasue my salary is less then 120k and I have permit B, then the taxes are cut at the source?
I just sent various email and in the end i had to call because i think i was getting replies from bots

I am in quellensteuer below 120k, so no need.
However i pointed out i wanted to declare my 3rd pillar

They pointed me in the quellensteuer something of the very same website where for the online declaration you need a zugangscode

Apparently, according to the lady, i don't need to do the tax declaration online
It is sufficient to send the document where i can rectify my quellensteuer


https://www.zh.ch/de/steuern-finanze...ml#-1388901730

Antrag ausfüllen
Den Antrag 2020 als PDF-Formular ausfüllen:

Download
Antrag auf Neuveranlagung der Quellensteuer
PDF | 4 Seiten | Deutsch | 290 KB

The formular is simple so i am quite happy

I see there are many reason to rectify quellensteuer, there is an empty field where i guess you can write bitcoin

In case of doubt call the hotline on that website, people was quite helpful
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Old 24.03.2021, 15:52
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Re: Cryptocurrencies taxes

They told me to contact the local office for taxes. I contacted them, waiting for a response
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Old 24.03.2021, 16:25
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Re: Cryptocurrencies taxes

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They told me to contact the local office for taxes. I contacted them, waiting for a response
Yep.
So I lived in a city in ZH in 2020. (I am actually living elsewhere). They told me i needed to call the local office of my old city of 2020.
I googled the steuramt of the city, called them, and the lady pointed me step by step to this link.
From that page is possible to download that formular.
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