Madagascar Tax Rates
Madagascar operates a progressive personal income tax system with rates up to 20%. The Direction Générale des Impôts administers the system, featuring a 20% corporate tax rate and 20% VAT. Madagascar's economy is driven by agriculture, mining (nickel, cobalt), textiles, and tourism.
Top Income Tax Rate
20%
Corporate Tax Rate
20%
VAT / Sales Tax
20%
Capital Gains Tax
20%
Detailed Tax Information
Income Tax Brackets
Madagascar levies personal income tax at a flat rate of 20% on income above a minimum threshold of MGA 350,000 per month. Employment income is taxed through withholding.
| Income Range | Tax Rate |
|---|---|
| MGA 0 – MGA 350K | 0% |
| MGA 350K+ | 20% |
Corporate Tax
The standard corporate tax rate is 20%. Companies in free zones (zones franches) may enjoy tax holidays. A minimum tax of 0.5% of turnover or MGA 100,000 applies.
Standard Rate
20%
Capital Gains Tax
Capital gains are generally included in taxable income at the 20% rate. Property transfer taxes also apply.
Rate
20%
VAT / Sales Tax
VAT is levied at 20% on most goods and services. Essential goods and exports are exempt or zero-rated.
Standard Rate
20%
Cryptocurrency Tax
Madagascar does not have specific cryptocurrency legislation. General tax principles would apply.
Tax Treaties
Madagascar has approximately 5 double taxation agreements.
Treaty Network
5
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Madagascar
See how much you could save by moving here from your current country.
+$23K
Tax in United States
$24K
24.4% effective
Tax in Madagascar
$1K
1% effective
You Save
95.9%
less tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
