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Petar Varbanov The new Bulgarian VAT system applicable to free food donations was published in the Official Gazette on November 8 2016 and will apply from January 1 2017. It will result in the VAT-free supply of food donations to food banks, under certain conditions.

Fernando Giacobbo Ruben Gottberg Brazilian Federal Revenue (RFB, by its Portuguese acronym) issued Normative Instruction (NI) 1.664, establishing the responsible party for withholding income taxes on non-resident capital gains arising from the substitution of shares (incorporação de ações).

Sandra Benedetto Martin Cruzat As a member of the OECD, Chile signed the Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in October 2013, which was approved by the Chilean Congress in November 2015 and promulgated in November 2016. Along with the Convention's promulgation, the government will soon release local legislation on the automatic exchange of financial accounts information (the Regulation). This Regulation will likely follow the OECD's model on the common reporting standard (CRS) and due diligence for financial account information.

Maik Heggmair and Tobias Faltlhauser of WTS summarise the new transfer pricing (TP) documentation rules to be implemented in Germany and provide an example of new TP risk assessment possibilities based on new country-by-country reporting (CbCR), which may become relevant for MNEs in the near future.

Now in its sixth year, International Tax Review’s Global Tax 50 provides a rundown of the most influential individuals, organisations and geopolitical events in the tax world. Anjana Haines introduces this year's Global Tax 50 2016.

Rules issued by the Chinese government authorities provide details on the qualifying criteria for preferential tax treatments for equity incentives.

Mark Galea Salomone Kirsten Cassar Malta and Vietnam have recently concluded an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income (the DTA). The DTA will apply to income tax in Malta and to personal and business income tax in Vietnam.

Elena Kostovska The latest addition to the list of preferential VAT goods and services that benefit from a 5% VAT rate was introduced on October 14 2016, and is effective from the same date. It prescribes the application of the reduced VAT rate to the supply of pellet fuel, pellet boilers and pellet stoves.

Bob van der Made Negotiations between the EU's 28 member states are continuing on the European Commission's proposal for public country-by-country reporting (public CbCR), but whether the measure is adopted remains unclear.

Amendments to Mexico’s VAT Law will significantly increase the costs for business taxpayers. Cesar De la Parra and Ignacio Mosquera of Chevez, Ruiz, Zamarripa y Cia explain the changes.