Summary
The Federal Tax Administration has updated the exchange rate lists for direct federal taxation 2025 as well as the free share lists at the turn of the year. These reference data are required for the correct taxation of securities and capital assets. The update was completed on January 5, 2026 and is available to taxpayers and tax advisors.
Persons
- Federal Tax Administration
Topics
- Direct Federal Tax
- Exchange Rate Lists 2025
- Free Shares
- Tax Administration
- Securities Taxation
Detailed Summary
The Federal Tax Administration (FTA) has published its standardized exchange rate lists for the tax year 2025. These lists contain the required valuation rates for securities that must be taken into account when calculating direct federal taxation.
In parallel, the free share lists have been updated. These document capital increases without cash inflow and are necessary for the correct recording of assets of taxable persons.
The publication took place on January 5, 2026 and is addressed to:
- Taxable private individuals
- Tax advisors and fiduciary professionals
- Cantonal and municipal authorities
Key Messages
- Exchange Rate Lists Direct Federal Tax 2025 have been updated
- Free Share Lists for 2025 are available
- Official source: News Service of the Swiss Government
- Publication date: January 5, 2026
Stakeholders & Affected Parties
| Group | Relevance |
|---|---|
| Taxpayers with securities holdings | Directly affected – must use current rates |
| Tax advisors and trustees | Benefit from standardized, official reference data |
| Cantonal and municipal authorities | Use for harmonized tax assessment |
| Financial institutions | Support clients in correct declaration |
Opportunities & Risks
| Opportunities | Risks |
|---|---|
| Standardized, official rates reduce uncertainty | Exchange rate fluctuations can lead to tax back-payments |
| Simplified compliance for tax advisors | Delayed updates during extreme market movements |
| Transparency and traceability of valuation | Incorrect data could lead to complaints |
Action Relevance
For Taxpayers:
- Use exchange rate lists for 2025 tax return
- Correctly value securities holdings with current rates
- Review free share lists if applicable
For Tax Advisors:
- Update systems with new exchange rate lists
- Inform clients of updates
- Review asset declarations
For Authorities:
- Use harmonized data basis for assessments
Quality Assurance & Fact-Checking
- [x] Central statements and publication date verified: 05.01.2026
- [x] Source verified as official government release
- [x] No unconfirmed data identified
- [x] No apparent bias or one-sidedness
Source Directory
Primary Source:
Federal Tax Administration – News Service of the Swiss Government
https://www.news.admin.ch/de/newnsb/e3VpZIv9ywVX
Supplementary Sources:
- Federal Tax Administration (FTA) – Official Exchange Rate Lists: https://www.estv.admin.ch
- Swiss Government – News Service: https://www.news.admin.ch
- State Secretariat for Finance (SIF) – Tax Information: https://www.sif.admin.ch
Verification Status: ✓ Facts checked on January 5, 2026
This text was created with the support of Claude.
Editorial responsibility: clarus.news | Fact-checking: January 5, 2026