East & Southern Africa

Madagascar tax rates 2026

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

Madagascar tax rates
Personal income (top)20%Progressive bands rising to 20% on higher salary income.
Corporate income20%
Capital gainsIncluded in ordinary income.
VAT20%
Dividends (WHT)10%
Interest (WHT)20%
Royalties (WHT)10%
Social security (employee)1%
Social security (employer)13%
Wealth taxNone
Inheritance / estateNone
Property taxProperty tax applies on built and unbuilt land.
OtherA 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

Rates checked July 2026: the top marginal income tax rate, the standard VAT rate and the main corporate rate.

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