Switzerland Hits the Snooze Button on Crypto Tax Transparency
The Big Picture: Switzerland just bought itself an extra year to get comfortable with crypto tax reporting,and the rest of the world is watching.
The Details: The Federal Council confirmed it will postpone cross-border information exchanges on digital assets until 2027, even though the domestic legal framework kicks in on 1 January 2026, Bitget News reports. The revised ordinance forces crypto service providers with Swiss links to register, run KYC checks, and file reports next year, aligning with the OECD’s Crypto-Asset Reporting Framework (CARF). But without partner-country agreements,including none (yet) with heavyweights like the U.S., China, or Saudi Arabia,actual data sharing is on ice.
Why It Matters: Tax pros say the delay puts Switzerland’s vaunted transparency reputation “in a holding pattern,” while crypto exchanges face a split-screen reality: local compliance costs start in 2026, but the global exchange of that data won’t materialize for another 12 months. One Zurich-based adviser quipped to Bitget that the gap “runs the risk of turning a transparency tool into a paper-filing exercise.”
Around the Tax World
- Dentons climbs the leaderboard. The firm racked up 62 country rankings across 24 jurisdictions in ITR’s World Tax 2026, with 59 individual lawyers recognised,13 in the Women in Tax category (Dentons).
- Transfer-pricing losses under the microscope. Jelana Mihić Munjić argues that defending sustained losses requires “proactive evidence that mirrors commercial reality,” not denial, in a new piece for International Tax Review.
- Asia’s missing seat at the UN tax table. Despite powering most global GDP growth, the region is “conspicuously absent” from current negotiations on a UN tax convention, warns Australian Outlook.
- Trump floats zero income tax. The former U.S. president told service members the government could “maybe cut out income tax completely” thanks to tariff revenue, according to the [Economic Times]