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The Dutch parliament approved a proposal to cut a benefit that exempts 30% of an expat’s salary from income tax for five years.
The plan reduces the 30% exemption to maximum of 20 months; expats will then get 20% exemption for the next 20 months, and 10% for the remaining 20 months, according to the proposal approved by the lower house of the bicameral parliament of the Netherlands early Friday.
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