Bitpanda Stocks Tax Guide 2026

Bitpanda Stocks are tokenized representations of real-world stocks and ETFs. For tax purposes, gains are treated similarly to conventional stock investments in Austria, Germany, and Switzerland — capital gains tax applies when you sell at a profit. This guide explains the exact tax treatment of Bitpanda Stocks across all three countries.

How do Bitpanda Stocks work and what are the advantages?

As so-called A-Tokens, tokenized stocks and ETFs have the advantage that they can be traded in fractions and not only in whole shares. This allows retail investors to easily access these investments via Bitpanda's broker website or smartphone app.
As usual in the crypto market, Bitpanda stock assets can be traded not only during standard exchange trading hours, but also at night, on weekends, or on holidays. Since Bitpanda Financial Services GmbH has to bear a higher risk with stock trading at non-market hours, somewhat higher spreads and thus fees are associated with buying and selling at these times.

How are profits from so-called A-Tokens taxed correctly?

Technically, A-Tokens and thus Bitpanda Stock Assets are so-called non-securitized derivatives, which are classified as income from capital assets.
In Austria, current income and capital gains from capital assets are taxable at the progressive income tax rate for individuals, regardless of the holding period.
In contrast, in Germany gains and distributions from securitized and non-securitized derivatives are treated equally and taxed as investment income at the special tax rate of 25%.
The speculation period of one year known from trading of cryptocurrencies cannot be applied to A-Tokens in both countries.
If income is generated through Bitpanda Stocks, tax is not automatically deducted by the broker. Taxable profits must therefore be reported independently within one's own income tax return. Losses can be offset against capital income or profits, which also belong to the same tax category, and thus have a tax-reducing effect.

For Switzerland, as with cryptocurrencies, the taxation of assets as of the last day of the year applies according to the requirements of one's own canton.