Traders in Geneva

Maverick2608 said:
What is the taxation for active stock traders located in Geneva?
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I cannot speak from experience, as 2019 has been my first year of trading, but here is what Moneyland says about the subject:

The 5 criteria of the tax administration

The Federal Tax Administration (AFC) has drawn up a "circular" containing five criteria. All of the following criteria must be met to be absolutely sure that you are not paying capital gains tax:

- you have held the securities sold for at least 6 months (before the sale).

- your transaction volume, that is to say the total of the sum of the purchase and sale prices of all your securities, amounts during a calendar year to a maximum of five times the amount of the securities and assets at the start of the fiscal period.

- your capital gains from securities trading are not necessary to replace missing income to support yourself. Rule of thumb: capital gains per tax period should be less than 50 percent of your gross income.

- your purchases of securities are not financed by third-party funds. In other words, taxable income such as interest and dividends is more important than the corresponding passive interest.

- in the event that you trade with derivatives and in particular with options, you can only use them to secure own securities.

Tax administrations have a series of liberties of assessment within the framework of these five criteria. Despite certain individual criteria that are not met, it is entirely possible that you are not considered to be a professional trader and that you do not have to pay additional taxes.
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If the above criteria do not apply to you, I am guessing you could have a rough idea of what taxation would be like by using this tax rate schedule: https://www.ge.ch/document/baremes-2019-perception-impot-source
 
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