On 19 November 2012, the amending protocol, signed on 9 December 2010, to the Italy - Mauritius Income Tax Treaty (1990), entered into force. The protocol generally applies from 19 November 2012.
Article I of the protocol replaces article 2(3) (Taxes covered) of the treaty. In respect to Italy, the regional tax on productive activities (IRAP) has been added and, for Mauritius, the capital gains (morcellement) tax has been excluded from its scope.
Article II of the protocol amends…