The parliament has adopted laws that provide major tax incentives to the IT industry. If the laws are signed by the President, qualifying IT companies will be eligible for the following benefits: -   VAT exemption for the period from 1 January 2013 to 1 January 2023; -   a corporate income tax rate of 5% for the period from 1 January 2013 to 1 January 2023; -   for a period of 4 years, the base for social contributions will be two minimum salaries for each employee and engaged individual (including non-residents); and -   a reduced personal income...