The UK Inland Revenue announced last month that it has made available an explanatory memorandum for the Protocol to the Double Taxation Relief (Taxes on Income) (Mauritius) Order 2003, which was signed in Port Louis in March 2003.
The Protocol clarifies the tax treatment of gains from the alienation of property by a person who is treated under the terms of the Convention as a resident of one of the Contracting States at the time that the property is alienated, but who is a resident of the other state at the time.
It comes into effect today in Mauritius, and has been in force in the United Kingdom since April 6.
The text of the UK Inland Revenue Amendment To the Mauritius/UK Double Tax Treaty is available in the Tax-News Resources Section
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