• Brazil Reduces Tax on Certain Financial Transactions to 0%: Updates from International Tax Consulting Team
  The Brazilian Government has reduced the rate of tax on financial transactions (IOF - imposto sobre operações financeiras) to 0% for certain infrastructure-related investments.
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• Dutch Expatriate Tax Provisions Amended
  Foreign workers in Netherlands, with specific skills, can avail a 30% tax relief, i.e. the ‘30% ruling’. Under this ruling, 30% of salary can be received as a tax-free allowance and the balance 70% is subject to tax, subject to certain conditions.
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• France Adopts Third Financial Amending Law; Details of Finance Law for 2013
  The French parliament has adopted the Third Amending Financial Law for 2012 (Projet de loi de Finances rectificative pour 2012). This new law brings in anti-avoidance measures and tax credits for competitiveness and employment.
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• Netherlands Presents an Amended Budget for 2014
  The Dutch government has presented an amended budget to the parliament altering important provisions regarding tax rates, tax credits and payroll taxes.
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• Russia Adopts Amended Tax Code
  The Russian Government has recently amended Part I and Part II of the Tax Code. This new Federal law No. 306.FZ was enforced starting 2 April.
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