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Igor Vujasinovic On November 11 2015, a new Instruction issued by the director of the Indirect Tax Authority of Bosnia and Herzegovina entered into force. The Instruction was published in the Official Gazette of Bosnia and Herzegovina on November 30 2015.

Magdalena Marciniak In recent months the focus on transfer pricing as an area of fiscal policy has intensified, and legislative changes are on the way. There is an increased interest in TP issues, fueled primarily by declining budget revenues from income tax and the recent increase in the number of income taxpayers.

Freddy Karyadi Chaterine Tanuwijaya To boost investments to Indonesia, support economic development and increase employment in the special economic zones (SEZs), Indonesia issued Government Regulation No 96 of 2016 (GR 96/2016) on December 28 2015 on 'Facilities in the Special Economic Zones', effective as of January 25 2016.

Alex Mackenzie The New Zealand Inland Revenue Department has released an official issues paper 'Implementing the global standard on automatic exchange of information' (Issues Paper). The Issues Paper follows New Zealand's announcement on May 7 2014 of its commitment to implement the G20's Automatic Exchange of Information (AEOI) Standard.

The evaluation of the GAAR is following up on one of the recommendations put forward by the Scheel tax commission.

Francois Auger Julia Qian Wang In Canadian Forest Navigation Co Ltd (CFN), the Tax Court of Canada (TCC) determined as a question of law that the Canada Revenue Agency (CRA) is not bound by foreign rectification orders and is not precluded from taking a position contrary to such orders.

Bob van der Made In the public session of the ECOFIN Council meeting of March 8 2016, the EU's 28 finance ministers reached political agreement on a Dutch EU Council Presidency draft compromise text on the EU Commission's draft Council Directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation (between EU tax administrations), also known as 'DAC4'.

Rodrigo Winter Loreto Pelegri Chile has an integrated tax system under which corporate income tax is fully creditable against final taxes such as surtax and additional withholding tax when a dividend or profit distribution occurs.

Christiana Nicolaou Cyprus is continuing to develop its network of double taxation treaties (DTTs) through the signing of a new DTT with the Federal Democratic Republic of Ethiopia, on December 30 2015. The treaty is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital, and it was published with the official Cyprus Government Gazette on January 18 2016.

The fireplace tax is one which would really grate on consumers Some of the strange taxes from history make modern taxes seem almost desirable. Tax avoidance may be hitting modern headlines, but trying to avoid tax has existed as long as tax itself.