The Personal Income Tax Rate in Madagascar stands at 20 percent.

Personal Income Tax Rate in Madagascar averaged 21.79 percent from 2007 until 2020, reaching an all time high of 30 percent in 2007 and a record low of 20 percent in 2013. This page provides the latest reported value for - Madagascar Personal Income Tax Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Madagascar Personal Income Tax Rate - values, historical data and charts - was last updated on July of 2020.

Personal Income Tax Rate in Madagascar is expected to reach 20.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar Personal Income Tax Rate is projected to trend around 20.00 percent in 2021, according to our econometric models.

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Madagascar Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
20.00 20.00 30.00 20.00 2007 - 2020 percent Yearly

Madagascar Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 30.00 20.00 percent [+]
Personal Income Tax Rate 20.00 20.00 30.00 20.00 percent [+]
Sales Tax Rate 20.00 20.00 21.00 20.00 percent [+]
Social Security Rate 19.00 19.00 20.00 19.00 percent [+]
Social Security Rate For Companies 18.00 18.00 18.00 18.00 percent [+]
Social Security Rate For Employees 1.00 1.00 2.00 1.00 percent [+]


Madagascar Personal Income Tax Rate
In Madagascar, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Madagascar.