Switzerland Tax Agency Updates Guidance on Taxation of Digital Currency Coins, Initial Offerings

The Swiss Federal Tax Administration Dec. 14 updated guidance on the tax treatment of digital currency issued in initial coin offerings (ICOs) or initial token offerings (ITOs), and the tax consequences of ICOs and ITOs. The guidance also covers taxation for issuers and investors. The guidance covers property, income, corporate, withholding, and stamp tax treatment for: 1) payment tokens; 2) asset tokens; 3) debt tokens; 4) usage tokens; 5) investment tokens with a contractual basis; and 6) investment tokens with participation rights. [Switzerland, Federal Tax Administration, 12/14/21]

Reference:
View Announcement. View Guidance.