Discrepancy between taxable values

Taxes
1

I have a question regarding currency or at least I think this is the reason for the difference.
I noticed for one of my stock positions (accumulating ETF; fund currency USD) that the value in the IBKR report listed in CHF differs slightly from what I get in ictax.ch as “Steuerwert”.
Am I missing something or is this most likely due to the difference in Fx exchange rate?
Ca. 0.5% difference.

What confuses me both my US domiciled ETF and cash position in non-CHF currency give almost the identical number to what I see in the tax software using the currency rate provided by the canton.

2

IB will show in the report the last price traded . ICtax would use NAV. Some 0.0x% deviations are easily possible. Probably your ETF is not very liquid, so the last trade was some time before the end of trading. The more liquid, the more often traded an ETF is, the closer the last traded price should be to NAV.

Is there something else in your question that I have missed?

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3

Some cantons actually have tax values that can be completely different from actual market values.

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4

Thanks for the clarification that makes sense now.

I guess a 0.5% discrepancy seems a bit high but I will enter the value I see in ICtax to be safe. I can’t think of any other mistake from my side since the number of shares is the same in the IB report and ICtax.

5

As it happens with an accumulating ETF and the problem doesn’t appear with distributing ones (US domiciled ETFs), it may be a matter of the discrepency between fiscal year and the financial year for the fund (ending June 30), as identified by @Abs_max here (the previous messages provide context for what is considered there):

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