Tax Report for Swiss Residents

etoro doesn’t provide tax advice. Any data reported in the tax report is strictly for informational purposes only and it isn’t intended as a tax declaration or as a substitute for legal advice. We strongly advise you to verify the tax report with your tax advisor.

On this page, you will find information about tax reporting in Switzerland. etoro Club members living in Switzerland can generate a tax report based on the previous financial year’s investment activity on the etoro platform, structured in accordance with local tax guidelines.

Select a question to go directly to that topic.

1. What should I be aware of when reporting taxes in Switzerland?
2. What does the Swiss Federal Tax Administration consider taxable?
3. How are capital gains calculated in Switzerland?
4. What are the official tax forms and where can I download them?
5. Can I use the etoro tax report as a basis for filling out official tax forms?
6. Tax return summary
7. Details per asset

What should I be aware of when reporting taxes in Switzerland?

• The tax year is from 1 January to 31 December.
• The report can be submitted in electronic and paper format.
• The deadline for the tax assessment is 31 March 2024 (a few cantons have different deadlines). Filing extensions may be granted until September/November upon request.
• The reporting currency is Swiss francs (CHF).
• The reporting languages are:
• English (EN)
• German (DE)
• French (FR)
• Italian (IT)

What does the Swiss Federal Tax Administration consider a taxable event?

• Income
• Income on movable property (dividends, interest, accumulation)
• Other income (e.g., security lending commission)
• Wealth
• Wealth valuation on 31 December 2023
• Deductions
• Bank fees
• Interest on loans
• Capital gains and capital losses are not taxable (exceptions may occur only for bonds and structured products). Derivatives including option premiums as a separate part of coupon payments are not taxable (except in the wealth tax if they are open at the end of the year).

How are capital gains in Switzerland calculated?

As capital gains are not taxable in Switzerland, there is no need to calculate capital gains for tax purposes. However, it is necessary to value shareholdings for wealth taxation.

If many positions are held on the same asset, bought at different prices, there are several methods for working out the cost basis (the acquisition price). In Switzerland, the ‘first in, first out’ (FIFO) method is used to determine the cost basis.

FIFO requires that the acquisition price of the first purchase that was made is used as the cost basis for the first sale of shares during the year.

To give an example of how FIFO is used to value shareholdings for wealth taxation, let's say an individual has three purchases of 10 shares and two sales of 10 shares during the year. FIFO requires that the first two purchases were consumed during the two sales and that the third purchase remains open.

For details on these methods, visit our article on cost basis.

What are the official tax forms and where can I download them?

Tax forms are specific to each Swiss canton, but follow a common general layout with a table for securities, accounts etc. in 3 categories:

1. Swiss withholding tax
2. Foreign withholding tax from countries with a double tax treaty
3. Loans and interest on loans

The Swiss Federal Tax Administration has a guide on their website, as well as a list of the forms to declare withholding tax.

Can I use the etoro tax report as a basis for filling out official tax forms?

In this section, we will go through the official forms one by one, showing where to enter information found on your etoro tax report.

The coloured boxes from the tax report screenshots correlate to the same coloured boxes in the screenshots of the tax forms.

The information on this page should not be used as a guide on how to fill in your tax return. Please review the official notes on the tax forms and consult your independent tax advisor for questions.

Tax return summary

The tax return summary lists the totals per category.

etoro Tax Report

Below is an example from the etoro tax report showing information that can be entered into the tax return summary.

Official Form

Below is an example of the paper format of the official tax form. This may vary depending on the canton.

Details per asset

The securities section in the paper (shown above) or electronic version requires the position detail for each asset/instrument.

etoro Tax Report

Below are screenshots from an example etoro tax report showing details of each transaction/ instrument type.

1. Deposits

1. Values with Swiss withholding tax (Shares, ETFs etc.)

1. ### Values without Swiss withholding tax (and without foreign withholding tax from a double tax treaty country) – shares, ETFs etc.

1. Values with withholding tax from a double tax treaty country – shares, ETFs etc.

1. ### Cryptocurrencies