Mira Bazlen

As soon as a price for a token is available on a trading platform, tax authorities typically base their assessments on that price. Whether this price corresponds to a market price is rarely verified. However, wash trading, shallow market depth, and a lack of oversight can create the illusion of volume and liquidity. As a result, values are taxed that do not exist in economic terms. This article explains why this is incompatible with the principle of uniform taxation and how platform prices should be assessed using a valuation framework from financial practice.

Token inflows from sources such as ICOs, airdrops, and employee tokens present tax professionals with complex classification and valuation issues—for both individuals and legal entities. In this webinar, you will receive a concise overview of the tax classification and valuation of tokens upon receipt, the correct reporting in tax returns, and the current state of Swiss valuation practice. Benefit from a well-founded analysis of existing uncertainties and an assessment of potential future developments in practice.