This document outlines changes to tax regulations in France, including: 1) Income earned from January 1st, 2013 will be taxed according to the applicable tax regime. 2) An exemption on VAT for imported calves intended for fattening that expired on December 31st, 2012 has been extended until December 31st, 2014. 3) Certain imported equipment for public security administrations will be exempt from VAT in the same way equipment for the defense administration is exempt, effective January 1st, 2013.

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