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Sandra Benedetto

Lam Kok Shang and Gan Hwee Leng of KPMG preview the introduction of goods and services tax (GST) in Malaysia from April 1 2015, comparing it with the equivalent regime in Singapore and explaining what taxpayers must do to prepare for the incoming changes.

Dajana Topic At the beginning of 2014, the price of cigarettes in Bosnia and Herzegovina (B&H) increased due to the Decision on the rate of specific excise duty and the overall minimum excise duty on cigarettes. Six months later, in June 2014, the Bosnian parliament adopted another set of amendments to the Law on Excise, which entered into force in July 2014 and is applicable as of August 1 2014. This time, the basic changes affect the excise duty on cigarettes, with the overall excise duty being increased from BAM 126 (€65) to BAM 176 (€90) per 1,000 cigarettes.

Philippe Jeffrey

David Cuellar

Ayesha Lau

Rajendra Nayak

Elena Kostovska With the latest amendments to the Law on VAT published in the Official Gazette on August 5 2014 and effective as of August 6 2014, the reduced VAT rate (5%) is now applicable to new categories of products that were previously subject to the regular VAT rate of 18%. These new categories include:

Tim Stewart Expatriates with residential investment properties in New Zealand can breathe easier after the High Court allowed the taxpayer's appeal in Diamond v Commissioner of Inland Revenue. The case concerned whether a residential investment property in New Zealand that Diamond had owned but never lived in could be his "permanent place of abode" such that Diamond was a New Zealand tax resident and, therefore, liable to New Zealand tax on his worldwide income. New Zealand has two main tests to determine if an individual is tax resident. A day-count test and the "permanent place of abode" test. It is only necessary to satisfy one of these tests. Diamond was not resident under the day-count test as he was absent from New Zealand for the required period of time during the relevant tax years.

Pierce off: Star player slips through the Nets