HMRC designation of the Stock Exchange of Mauritius as a recognised stock exchange for tax purposes

With effect from 31 January 2011, HMRC has designated the Stock Exchange of Mauritius as a 'recognised stock exchange' under section 1005 (1) (b) Income Tax Act 2007.

Securities admitted to trading and listed on the Official Market of the Stock Exchange of Mauritius will meet the HMRC interpretation of ‘listed’ as set out in section 1005 (3) (a) and (3) (b) Income Tax Act 2007.

Please note that securities listed on the Development and Enterprise Market (DEM) of the Stock Exchange of Mauritius will not meet the HMRC definition of ‘listed’.

With effect from 31 January 2011, the Stock Exchange of Mauritius will also be regarded as a recognised stock exchange for Inheritance Tax purposes.