How to calculate your SwissBorg taxes

  • Exchange CSV
  • Recap CSV
1 min read
Last updated:
swissborgSync SwissBorg CSV
Sam Adams
Samantha Adams
Head of Content

Recap has a comprehensive integration with SwissBorg that makes it easy to manage your crypto tax calculations. Upload your Swissborg transactions to Recap to securely monitor each transaction, manage your cryptocurrency portfolio, and effortlessly automate your taxes.

*Disclaimer: The information provided in this content does not endorse SwissBorg. Furthermore, it does not constitute tax advice. If you are uncertain about any financial or tax-related matters, we strongly recommend seeking guidance from a qualified tax professional. Additionally, you may utilise our accountant and professional advisor sharing features.

What is SwissBorg?

SwissBorg is a Swiss-based cryptocurrency exchange founded in 2018 that allows the trading of various cryptocurrencies.

Here's a breakdown of what SwissBorg offers:

  • Wealth App: Provides a user-friendly mobile application that allows users to buy, sell, and manage a variety of cryptocurrencies.
  • Earn Program: Enables users to earn interest on their cryptocurrency holdings by participating in yield-generating activities.
  • SwissBorg Token (CHSB): The native utility token of the SwissBorg ecosystem, offering benefits such as reduced fees, voting rights in the SwissBorg DAO, and enhanced earning opportunities.
  • Educational Content: Offers a range of educational resources, including articles, videos, and market analysis, to help users make informed investment decisions.
  • Community-Centric Approach: Engages with its user base through community events, voting on platform developments, and other participatory activities.

How to simplify your SwissBorg crypto taxes with Recap

You can make the process of calculating your taxes stress-free with our crypto tax software. Upload your SwissBorg data to Recap, and our system will classify and value all transactions using our unique fair-market valuation engine and determine your tax liability.

swissborgSync SwissBorg CSV

How are SwissBorg Transactions Taxed?

Tax implications on your SwissBorg transactions differ based on transaction types and your tax jurisdiction. Here are the tax guidelines for the different transaction types on SwissBorg:

Transaction typeCGTIncomeTracked in Recap
Deposits
Withdrawals
Buying crypto with fiat
Crypto to crypto
Selling crypto for fiat
Earning staking rewards

Refer to our tax guides for a more detailed look at crypto tax rules.

Help Guides

Adding your Swissborg Account
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How much profit do I have to make on cryptocurrencies to be liable to pay tax in the UK?
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What incidental costs does HMRC allow for cryptocurrency taxes?
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Automate your SwissBorg tax reporting - takes 5 mins.

  • 1

    Sign up to Recap

  • 2

    Set up auto sync with our step by step guide

  • 3

    Generate your tax report ready to self-file or share with your accountant

swissborgSync SwissBorg CSV

FAQs

Do I need to pay tax on my SwissBorg transactions?

Yes, you may need to pay tax on your SwissBorg transactions. Tax obligations vary depending on your country’s tax laws and the nature of your transactions. Common taxable events include selling cryptocurrency, trading between coins (crypto to crypto), and making purchases with crypto.

Do the tax authorities know about my SwissBorg transactions?

Tax authorities may become aware of your SwissBorg transactions through various means, such as data-sharing agreements between crypto exchanges and tax authorities or during tax audits. It's essential to report your crypto transactions to avoid penalties accurately. Using a crypto tax software like Recap can help ensure your transactions are properly recorded and reported.

What is the benefit of using a crypto tax calculator?

A crypto tax calculator automates the process of calculating taxes on your cryptocurrency transactions, providing accurate tax liability figures and ensuring compliance with tax regulations without manual calculations.