Saturday, 24 January 2009

Midnight fairytale over as Cinderella clause abolished


Cinderella Clause abolished

"At the moment, tax exiles who are here for less than 183 days a year do not have to pay their full tax in this country. But a day is not counted if the individual leaves by midnight, hence the tax regulation earned the nickname the "Cinderella rule".

From now on, though, once a person who is a tax exile is in the country at any part of the day, the day counts for tax purposes.

The rule on the 183 days in a calendar year, or 280 days over a two-year period, was set down in 1995."



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