The Mauritius Revenue Authority has recently issued a communiqué on the taxation of capital gains from the sale of shares or other securities. The communiqué states that capital gains derived from the sale of securities are outside the scope of Income Tax, as Mauritius does not have a capital gains tax in its tax legislation. However, gains from the sale of shares or securities held for less than 6 months in the course of the business of trading are treated as profits subject to Income Tax, with the exception of companies holding a Category 1 Global Business License, which are...