Swiss Parliament to Possibly Greenlight Crypto Tax Data Exchanges by 2027: Discover Top Cryptos to Invest!
Switzerland is considering an amendment for the automatic exchange of tax information, potentially affecting crypto assets, which could begin as early as 2027.
Switzerland’s Federal Council is proposing an amendment aimed at extending the automatic exchange of tax information (AEOI) to include crypto assets. According to a local media report dated February 19, 2025, the amendment could allow the initial exchanges of crypto asset data to commence in 2027.
The Swiss Push For Greater Tax Transparency
Switzerland’s crypto adoption sits at 19%, with 1.6 million individuals holding Bitcoin or Ethereum. This initiative seeks to ensure the country meets international standards of tax transparency and mitigate potential tax evasion risks by incorporating crypto assets into its AEOI framework.
Furthermore, the bill includes provisions for criminal penalties for negligent failures in due diligence, reporting, and disclosure obligations.
The recent pressure from the Swiss National Bank (SNB) further emphasizes the movement to include Bitcoin in its foreign currency reserves, indicating a broader ambition among various political and financial stakeholders for growing crypto engagement in Switzerland.
Explore Best New Cryptos to Buy!
Analysts predict significant growth for tokens such as MKR, alongside the new BTC Bull presale token, which has already attracted over $2.4 million in investment.
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