Tax breaks for R&D

The Federal Act on Tax Reform and AHV Financing (TRAF; Bundesgesetz über die Steuerreform und die AHV-Finanzierung – STAF) was approved with the popular vote of 19 May 2019. This gave cantons the option of granting tax breaks for research and development, provided certain conditions are met. The patent box and the increased deductions for research and development are the two most important tax-planning instruments in this regard.