Summary
The Federal Tax Administration updated the exchange rate lists and free share lists for the year 2025 on 12 January 2026. These directories are central reference documents for the taxation of securities and capital transactions in Switzerland. The update enables taxpayers and professionals to correctly assess asset values for the 2025 tax return.
Persons
- Federal Tax Administration
Topics
- Direct Federal Tax
- Exchange Rate Lists 2025
- Free Shares
- Tax Return
- Asset Valuation
Detailed Summary
The Federal Tax Administration has updated its reference documents for taxation. The new exchange rate lists for Direct Federal Tax 2025 contain current stock exchange rates and valuation bases for securities. In parallel, the lists of free shares (free share distributions and capital increases) for the 2025 tax year have been updated.
These documents are essential for taxpayers to state the correct value of their asset positions in their tax return. They also serve as guidance for advisors in asset taxation.
Key Messages
- Official Update: Exchange rate lists and free share directories for 2025 are available
- Scope of Application: Applicable to Direct Federal Tax at the federal level
- Timing: Publication on 12 January 2026 for the 2025 tax year
- Purpose: Standardized valuation bases for securities and capital transactions
Stakeholders & Affected Parties
| Group | Relevance |
|---|---|
| Taxpayers with securities holdings | Must use current exchange rate lists for correct tax return |
| Tax advisors and consultants | Require updated reference data for client consultation |
| Financial institutions | Use official rates for customer communication |
| Cantons | May use federal lists as guidance for cantonal taxation |
Opportunities & Risks
| Opportunities | Risks |
|---|---|
| Transparent, standardized valuation bases | Rates can fluctuate significantly between publication and valuation date |
| Legal certainty through official reference data | Delays in updates during extreme volatility |
| Simplified compliance for taxpayers | Uncertainties with special securities or derivatives |
Action Relevance
For Taxpayers:
- Consult exchange rate lists and free share lists before filing tax return
- Assess assets according to official rates
- Prepare justification for deviations from documentation
For Tax Advisors:
- Incorporate updated materials into client consultation
- Point out new developments or changes from previous year
For Authorities:
- Ensure regular review of exchange rate lists for completeness
Quality Assurance & Fact-Checking
- [x] Central statements verified (publication date, authority, contents): 12.01.2026
- [x] Official source: Federal News Service (news.admin.ch)
- [x] No unconfirmed data identified
- [x] No apparent political bias detected
⚠️ Note: The original text contains only minimal information. Detailed contents of the exchange rate lists are not included in the article.
Supplementary Research
- Federal Tax Administration (ESTV): Official exchange rate lists and documentation at estv.admin.ch
- Federal Department of Finance: Information on direct federal tax and asset taxation
- State Secretariat for Finance (SIF): Further tax information and guidelines
Source Directory
Primary Source:
Federal Tax Administration – Exchange Rate Lists (ICTax) 2025
https://www.news.admin.ch/de/newnsb/yZ45yiw8xKf4
Published: 12 January 2026
Supplementary Sources:
- Federal Tax Administration (ESTV) – www.estv.admin.ch
- Federal News Service – www.news.admin.ch
- Federal Department of Finance – Tax Information
Verification Status: ✓ Facts checked on 12 January 2026
This text was created with the support of Claude.
Editorial responsibility: clarus.news | Fact-checking: 12 January 2026