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Author: Admin | 2025-04-28
Of tax you'll pay on your crypto mining depends on where you live and the level at which you're mining.Crypto miningINCOME TAXCrypto mining is seen as self-employment income in most cantons and you'll pay Income Tax on mined coins based on their fair market value in CHF at the point you receive them.The FTA has not issued specific guidance on crypto margin trading, derivatives, and other CFDs just yet. However, they have extensive guidance on the trading of traditional securities and derivatives - and it's good news. Just like with crypto, provided you're a private investor - you'll pay no Capital Gains Tax on profits from crypto margin trades, derivatives, or other CFD products. Refer to the private investor vs. self-employed trader guidance above to see whether you fit into this category.The FTA has not issued any clear guidance on DeFi taxes just yet, but this doesn't mean you won't pay taxes on your DeFi activities. It just means you need to interpret the current crypto tax guidance and apply it to your DeFi activities. In most instances, this boils down to whether you're seen to be 'earning' new coins or tokens or whether you're selling or trading on DeFi protocols. It is always advisable to speak to an experienced crypto tax accountant for specific advice about these transactions.All this said, we can infer from the current crypto tax guidance that the tax treatment of common DeFi activities for private investors is likely to be:Earning interest from DeFi protocols: Potential Income TaxBorrowing from DeFi protocols: No taxPaying interest to DeFi protocols: No taxStaking on DeFi protocols: Income TaxYield farming DeFi protocols: Potential Income TaxLiquidity mining: Potential Income Tax on new liquidity pool tokensAdding/removing liquidity: No taxEarning through play/engage to earn DeFi protocols: Potential Income TaxProfits from DeFi margin trading and options protocols: No tax provided you're a private investorLike DeFi taxes, the FTA hasn't yet issued clear guidance on non-fungible tokens and tax. However, we can infer from the current crypto tax rules how various NFT transactions would be taxed in Switzerland:Buying an NFT with fiat currency: No tax provided
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