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The French Finance Bill for 2014 was presented by Finance Minister Pierre Moscovici and Budget Minister Bernard Cazeneuve on 11 September 2013, reports Nair & Co.’s International Tax Team.
By Nair & Co.
The French Finance Law for 2013 (Loi de finances pour 2013, LF 2013) has reduced the maximum limit on tax credits from EUR 18,000 + the previously prescribed rate to EUR 10,000. Income tax liability can be offset with tax credits up to a certain cap.
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