On November 24, 2019, the Basel-Stadt electorate approved tax proposal 17.
The most important points of the cantonal reform are:
- Abolish special taxation of status companies;
- Introduction of a patent box with a relief of 90 percent;
- Introduction of an additional deduction of 20 percent for research and development;
- Relief limit of 50 percent;
- Gradual reduction of the effective profit tax rate to 13.45% by 2025;
- Reduction of the capital tax rate to 1.6 per thousand;
- Privileged taxation of patents, intra-group loans and participations in capital tax;
- Increase in dividend taxation to 60 percent;
- Increase of the tax deduction for third child care costs to CHF 10,000 per child and increase of the individual premium reduction.
The press release of the tax administration BL is available here.
