Madagascar's headline corporate income tax (CIT) rate is 20.
The headline personal income tax (PIT) rate is 20.
The standard VAT/GST (or equivalent consumption tax) rate is 20. Registration thresholds, zero-rated and exempt categories, and reduced rates vary by jurisdiction - see the source link below for the full detail on this jurisdiction.
An individual is resident if they have their home or dwelling in Madagascar, confirmed via two independent sources - notably including those who travel abroad but remain on a Madagascar employer's payroll, confirmed via a specialist South African tax source. A company is resident if incorporated or principally managed in Madagascar (a place-of-management test in addition to incorporation), confirmed via the same source. Resident individuals and companies are taxed on worldwide income; non-residents are taxed only on Madagascar-source income.
No Controlled Foreign Company regime was identified in available sources this session. Notably, foreign income earned by corporate bodies situated in Madagascar is treated as normal business income subject to CIT unless a tax treaty establishes otherwise, confirmed directly via PwC - a worldwide-taxation baseline rather than a territorial one, though this does not by itself confirm or rule out a separate CFC-style attribution mechanism.
No statutory thin capitalization ratio was identified in available sources this session.
No domestic FBAR/Form 8938-equivalent requiring Madagascar residents to self-report their own foreign accounts was identified. Institutional-level CRS/FATCA participation status was not independently confirmed this session. Separately and independently of local law, US citizens and Green Card holders with Madagascar accounts remain obligated to file FinCEN Form 114 (FBAR) once aggregate foreign accounts exceed USD 10,000, and potentially Form 8938, regardless of local requirements.
Madagascar has signed four tax treaties, confirmed directly via PwC, with named partners Canada, France, Mauritius, and Morocco, confirmed via an EY-sourced tax guide compilation that specifically tabulates treaty withholding rates for these four jurisdictions.