According to an update published by UK HMRC, the 2018 protocol to the 1981 income and capital tax treaty with Mauritius entered into force on 13 July 2018. The protocol, signed 28 February 2018, replaces Article 10 (Dividends) to provide for a general exemption from withholding tax on dividends except for dividends paid out of income (including gains) derived directly or indirectly from immovable property by an investment vehicle that distributes most of this income annually and whose income from such immovable property is exempted from tax, in which case the maximum rate of tax is 15% unless the beneficial...