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