As previously reported, the Mauritius Finance (Miscellaneous Provisions) Act 2021 (FA 2021) was assented (enacted) on 5 August 2021. In addition to the measures covered, the FA 2021 provided important amendments regarding the taxation of trusts and foundations, including the repeal of section 46 subsection (3) and section 49A subsections (2) and (3) of the Income Tax Act (ITA). These subsections provided that when a qualifying trust/foundation deposits a declaration of non-residence for any income year with the tax authority within 3 months of the expiry of the income year, the trust/foundation would be exempt from income tax in respect...