Switzerland is set to join a global push for crypto tax transparency by adopting a framework for the automatic exchange of crypto asset data starting in 2026.
Switzerland Joins Global Crypto Tax Pact
The Swiss Federal Council, the country’s executive body, has approved a legislative bill that paves the way for the automatic exchange of crypto-related tax information with 74 international partners, including all European Union member states and the United Kingdom.
The new framework follows the OECD’s Crypto-Asset Reporting Framework (CARF) and aims to close tax loopholes by treating crypto assets the same as traditional financial assets for tax reporting purposes.
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Known as the Automatic Exchange of Information (AEOI) on crypto assets, it is set to take effect on January 1, 2026, pending approval from the Swiss Parliament.
The first actual data exchanges are scheduled to begin in 2027, signaling a major policy shift toward more robust oversight of digital assets.
Notably, the plan excludes certain major economies such as the United States, China, and Saudi Arabia.
According to the Federal Council, data sharing will only be conducted with countries that fulfill the requirements of the OECD’s Crypto-Asset Reporting Framework (CARF) and express a reciprocal interest in data exchange.
Until then, Swiss crypto service providers will be subject to direct reporting obligations within the European Union under the bloc’s Directive on Administrative Cooperation (DAC 8).
DAC 8 mandates crypto service providers to report user data and transactions to tax authorities, which will be shared automatically across the EU.
This obligation will remain in place until Switzerland fully implements the crypto-related provisions of the European Common Reporting Standard (ECHR) across all EU member states.
Why This Matters
Switzerland has long been renowned for its stringent banking secrecy laws, making it a favored destination for wealth preservation and discreet asset management. The move to automatically share crypto tax data marks a notable departure from its legacy of confidentiality, reflecting a significant policy evolution.
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FAQs
Crypto is typically taxed as capital gains when sold or traded, and as income when earned through mining, staking, or payment. Rates and rules vary by country.
The highest crypto tax rates are generally found in countries that treat crypto gains as regular income and have high top income tax brackets. Japan, for example, taxes crypto gains at rates of up to 55%, including local taxes.
