How are zero coupon bonds taxed?

I know that accumulating ETFs are taxed as if they were paying dividends/coupons, but what about zero coupon bonds? Are these taxed as capital gains and therefore are tax free?

I am looking into buying zero coupon EUR bonds.

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Here you’ll find the tax regulations for complex financial instruments, and here you can check individual securities for their specific tax values.

In short: If the income is predominantly one-time you’ll be fully taxed on it. Zerobonds are not interesting for a private Swiss investor.