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It's an unfamiliar face at the front of your magazine this month, as we sadly waved goodbye to our editor, Matthew Gilleard, after five years of working for ITR. We wish him all the best in the future.

Alfredo Sánchez Torrado and Eduardo García Ruiz examine the way in which investments are currently structured in Mexico via private equity funds, the application of treaty benefits by them, as well as how BEPS Action 6 may affect such application.

Read this month's special features on Mexico and Intangibles

Egyptian finance minister Amr Al-Garhi has decided to make banking services exempt from the country's new VAT.

Vicente Bootello José Ignacio Ripoll In recent months we have been witness to a doctrinal battle still being fought by various administrative bodies regarding the interpretation of whether or not late-payment interest should be treated as a deductible expense for corporate income tax purposes.

Igor Vujasinovic The Official Gazette of the Federation of Bosnia & Herzegovina (FBIH), no. 15/16 as published on February 26 2016 included the new profit tax law applicable in FBIH. The law entered into force eight days after its publication.

Andri Christodoulou The governments of the US and the Republic of Cyprus have concluded an agreement aimed at improving tax compliance through mutual assistance in tax matters based on an effective infrastructure for the exchange of information.

Paweł Mazurkiewicz The Polish government and parliament are in the process of preparing amendments to the tax laws, which are aimed at the introduction of new taxes and new procedures. Apart from the already enacted (and effective as of January 1 2016) tax on financial institutions, the government and legislature are working on the new proposals, which include:

Elena Kostovska On April 1 2016, the FYR Macedonian parliament ratified the tax treaty signed with the UAE on October 26 2015. The ratification law was published in the Official Gazette No 63 of April 1 2016.

Petar Varbanov Bulgaria and Romania recently ratified a new tax treaty which was signed on April 24 2015. The treaty will replace the one signed in 1995 and extends the existing relief for cross-border dividend, interest and royalty payments. It also introduces stricter anti-avoidance measures and provides for a new mutual assistance procedure for tax collection.