East & Southern Africa
Madagascar: tax at a glance
A 20% corporate rate and progressive personal tax to 20%, among the lower rates in the region, with vanilla, mining and textiles driving exports.
Worldwide (residence-based)
Last verified Some figures indicative
The taxes
- Personal income (top)
- 20%Progressive bands rising to 20% on higher salary income.
- Corporate income
- 20%
- Capital gains
- Included in ordinary income.
- VAT
- 20%
- Dividends (WHT)
- 10%
- Interest (WHT)
- 20%
- Royalties (WHT)
- 10%
- Social security (employee)
- 1%
- Social security (employer)
- 13%
- Wealth tax
- None
- Inheritance / estate
- None
- Property tax
- Property tax applies on built and unbuilt land.
- Other
- A minimum tax applies based on turnover where the corporate charge would be lower. Free zone entities receive reduced rates.
How the system works
- Tax system
- Worldwide (residence-based)
- Foreign income
- Taxed (worldwide)
- Taxes by citizenship
- No
- Exit tax
- No
- CFC rules
- No
- CRS
- Not participating
- Special regime
- Free zone regime: reduced corporate rates for qualifying export enterprises
The rates below are indicative headline figures (top marginal, standard, and headline rates), reviewed 2026-07. Brackets, surcharges, and state, provincial or cantonal taxes vary. Treat this as a reference map, not advice.