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Blockchain technology is on the rise, and tax authorities are becoming more and more aware. We help our clients assess and manage the tax implications of this business. Whether you’re developing new technologies, investing in crypto assets or providing blockchain-related services, PwC’s tax team understands the opportunities and challenges you may face.
- Are you planning an ICO or want to distribute tokens to your employees?
- Are you planning to set up a crypto fund?
- Are you running or planning to run a transaction infrastructure for digital assets or broker services?
- Are you looking to attract, retain and motivate the right people to push your business?
Whatever your situation, we can provide all-round support. With our expertise in tax and our solid understanding of blockchain as a business model, we’re aware of the potential tax implications for your company and employees and can help you negotiate the challenges.
We provide comprehensive tax services for blockchain and crypto companies in Switzerland and Liechtenstein:
- Initiators of new tokens
- Transaction infrastructure providers/broker-dealers (e.g. banks)
- Trading centres
- Asset managers
- Token holders and liquidity providers
- Other blockchain service providers (e.g. analytics infrastructure, storage technology)
Initiators of new tokens
- Support with the issuance of tokens/coins (Income/Profit tax, Withholding tax, Transfer Stamp Tax, Value Added Tax)
- Applicability of tax incentives (super deduction, Patent Box);
- Structuring and assessing the tax implications of founder tokens
- Analysing the tax implications of the location of data centres and servers
- Advice on employee participation schemes (design, income tax treatment, reporting obligations)
- Other corporate tax topics (e.g. creating a permanent establishment, transfer pricing, etc.)
- VAT implications of cross-border sales of tokens
- Advice on input VAT recovery
- Tax compliance
Transaction infrastructure providers/broker-dealers (e.g. banks)
- Qualification of tokens and coins for Swiss tax purposes:
- Transfer stamp tax
- Treatment for income tax purposes - Advice on the qualification of the intermediary as a securities dealer for transfer stamp tax purposes
- Valuation of tokens for tax purposes
- Advice on employee participation schemes (design, income tax treatment, reporting obligations)
- Other corporate tax topics (e.g. creating a permanent establishment, transfer pricing, etc.)
- VAT implications of wallet services and custody of digital assets
- Advice on input VAT recovery
- Advice on preparing for information exchange regarding digital assets, including governance, process and reporting topics
- Tax compliance
Trading centres
- Qualification of tokens and coins for Swiss tax purposes:
- Transfer stamp tax - Advice on the qualification of a trading centre as a securities dealer for transfer stamp tax purposes
- Advice on employee participation schemes (design, income tax treatment, reporting obligations)
- Other corporate tax topics (e.g. creating a permanent establishment, transfer pricing, etc.)
- Advice on input VAT recovery
- Advice on preparing for information exchange regarding digital assets, including governance, process and reporting topics
- Tax compliance
Asset managers
- Assistance with establishing crypto funds, taking account of:
- Swiss withholding tax
- Profit tax of the fund
- Transfer stamp tax
- Treatment for Swiss income tax purposes - Setting up tax efficient structures for cross-border and local investors
- Advice on employee participation schemes (design, income tax treatment, reporting obligations)
- Tax advice on exit from investments/start-ups
- Other corporate tax topics (e.g. creating a permanent establishment, transfer pricing, etc.)
- Tax compliance
Token holders and liquidity providers
- Qualification of tokens and coins for Swiss tax purposes:
- Withholding tax
- Transfer stamp tax
- Treatment for income tax purposes - Income tax treatment of providing or taking of liquidity (DeFi applications)
- Setting up tax-efficient structures for cross-border and local investors
- Tax advice on exit from investments/start-ups
- Tax compliance
Other blockchain service providers (e.g. analytics infrastructure, storage technology)
- Corporate tax topics (e.g. creating a permanent establishment, transfer pricing etc.)
- Advice on employee participation schemes (design, income tax treatment, reporting obligations)
- Advice on input VAT recovery
- VAT implications of wallet services and custody of digital assets
- Advice on preparing for information exchange regarding digital assets, including governance, process and reporting topics
- Tax compliance
Why choose PwC?
PwC’s international network
Experience in tax advice for crypto and blockchain projects
Knowledge of the market and its opportunities and challenges
One-stop-shop solution (we cover not only Swiss and international tax, but can also help with legal, regulatory and accounting or assurance)
Further insights
Digital assets: Tax services for blockchain and crypto companies
Webinar: Why Switzerland for your blockchain related activities
Seize the potential of blockchain
Taxation: Digital Assets in Banking
PwC Annual Global Crypto Tax Report 2022
PwC’s legal services for FinTech, blockchain and digital assets
Contact our experts
Get in touch, tell us your concerns and ask for a non-binding proposal. We look forward to working with you!
https://pages.pwc.ch/core-contact-page?form_id=7014L0000001UeuQAE&embed=true
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