Mauritius has published the Income Tax (Angel Investor Allowance) Regulations 2023, which regulate the angel investor allowance that was introduced as part of the 2022-2023 Budget (Finance (Miscellaneous Provisions) Act 2022). As previously reported, the new angel investor allowance is available for individuals from 1 July 2022, providing that where an angel investor has invested a minimum of MUR 100,000 to the seed capital of a qualifying start-up SME by way of acquisition of shares in an income year, they shall be entitled to an allowance by way of a deduction from their net income equal to 50% of the...