Executive Summary

The Federal Tax Administration (FTA) updated its exchange rate lists and free share directories for the years 2025 and 2026 on 7 April 2026. The new lists apply to direct federal taxation and are made available via the Swiss government portal (News Service Bund). These regular updates serve to ensure the correct taxation of securities and capital gains.

Persons

  • Federal Tax Administration (FTA; Swiss federal authority)

Topics

  • Direct federal taxation
  • Exchange rate lists 2025–2026
  • Free share directories
  • Swiss tax administration

Clarus Lead

The update of the exchange rate lists is a standard announcement from the Swiss tax authority, which taxpayers, advisors, and financial institutions require for the correct valuation of their securities holdings. The annual publication enables capital gains and assets to be reported at current market value in tax returns. For individuals and companies with stock holdings, the timely availability of these reference data is essential for compliance with tax obligations.

Detailed Summary

The Federal Tax Administration regularly provides updated exchange rate lists that serve as the valuation basis for direct federal taxation. These lists contain reference prices for securities and enable standardized valuation of stock holdings as of the key date. In parallel, the directories of free shares (freely distributed shares) for the tax years 2025 and 2026 are updated to correctly reflect special features in the valuation of such capital distributions.

The publication takes place centrally via the "News Service Bund" portal, which serves as the official information platform for all Swiss federal authorities. This ensures that taxpayers and their advisors have timely access to the applicable valuation standards.

Key Points

  • The FTA updates its exchange rate lists annually for direct federal taxation
  • Free share directories for 2025 and 2026 have been newly published
  • The lists serve as binding valuation bases for tax returns

Critical Questions

  1. **Data Quality: 07.04.2026

  2. Applicability: Do the exchange rate lists apply to all types of securities (domestic and foreign papers), or are there exceptions?

  3. Retroactivity: Can taxpayers apply the updated lists to already submitted tax returns for 2025, or are changes excluded?

  4. Free Share Classification: According to which criteria are shares included in the free share directory, and who can lodge an objection?

  5. Digital Availability: In which file formats (CSV, Excel, PDF) are the lists provided, and is there an API for automated queries?

  6. Transition Period: How long before the key date must the exchange rate lists for the new tax year be available to provide advisors and taxpayers with sufficient preparation time?

Source Directory

Primary Source: Exchange Rate Lists (ICTax) – https://www.news.admin.ch/de/newnsb/P4FRWIxTDa8g

Verification Status: ✓ 7 April 2026

This text was created with the support of an AI model. Editorial Responsibility: clarus.news | Fact-Check: 7 April 2026