The Social Security Rate For Employees in Madagascar stands at 1 percent.

Social Security Rate For Employees in Madagascar averaged 1.42 percent from 2007 until 2019, reaching an all time high of 2 percent in 2009 and a record low of 1 percent in 2008. This page provides the latest reported value for - Madagascar Social Security Rate For Employees - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Madagascar Social Security Rate For Employees - values, historical data and charts - was last updated on August of 2020.

Social Security Rate For Employees in Madagascar is expected to reach 1.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar Social Security Rate For Employees is projected to trend around 1.00 percent in 2021, according to our econometric models.

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Madagascar Social Security Rate For Employees

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 2.00 1.00 2007 - 2019 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 Social Security Rate For Employees
In Madagascar, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Madagascar because they help to pay for many social programs including welfare, health care and many other benefits.