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Tax Reduction in Uri

Uri has moved to a flat rate tax system for individuals since 2009. The flat rate tax is complemented by generous personal tax-free allowance for single, married and children. In order to improve intercantonal competitiveness, Uri has planned to reduce the tax rates as of January 1, 2011:

• Taxation of Individuals
  • Reducing the linear income tax rate from 15,4 % to 15,2 %
  • Reducing the linear wealth tax rate from 2,6 ‰ to 2,3 ‰ combined with higher tax-free allowance for single, married and children
• Corporate income tax
  • Reducing the linear corporate tax rate from 10,4 % to 9,4 %
• Real estate capital gain tax
  • Replacing the progressive tax rate with a linear tax rate
  • The applicable linear real estate capital gain tax rate is between 11 % and 31 % depends on the duration of ownership
  • for example:
    • ownership less than one year: 31 %
    • ownership more than twenty years: 11 %
• Inheritance and gift tax
  Replacing the progressive tax rate with a linear tax rate
  The applicable linear inheritance and gift tax rate depends on the relationship between the deceased and the heir:
  • Siblings: 8 %
  • Uncle / Aunt: 12 %
  • Non-relatives: 24 %

27. July 2010

• Overview Taxation in Uri

9. December 2009