Taxes on income, profits and capital gains in Madagascar
Madagascar: Taxes on income, profits and capital gains was 26.2% in 2024. ▲ Rising
Taxes on income, profits and capital gains in Madagascar, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Madagascar is 26.2%, measured in 2024.
The figure is down 14.0% on the previous year and up 9.4% over ten years.
Over the whole period, taxes on income, profits and capital gains in Madagascar peaked at 31.2% in 2022 and was at its lowest, 10.9%, in 2003.
Madagascar ranks 124th of 153 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Taxes on income, profits and capital gains in Madagascar, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 1990 | 15.7% | — |
| 1991 | 19.0% | +21.6% |
| 1992 | 14.9% | -21.8% |
| 1993 | 19.7% | +32.1% |
| 1994 | 21.5% | +9.1% |
| 1995 | 15.0% | -30.2% |
| 2003 | 10.9% | -27.0% |
| 2004 | 11.6% | +6.3% |
| 2005 | 15.3% | +31.4% |
| 2006 | 18.6% | +22.0% |
| 2007 | 12.7% | -31.7% |
| 2008 | 25.5% | +100.4% |
| 2009 | 29.5% | +15.8% |
| 2010 | 27.5% | -6.6% |
| 2011 | 26.2% | -4.9% |
| 2012 | 24.1% | -8.0% |
| 2013 | 23.6% | -2.1% |
| 2014 | 24.0% | +1.5% |
| 2015 | 23.8% | -0.7% |
| 2016 | 25.4% | +6.6% |
| 2017 | 24.4% | -4.0% |
| 2018 | 24.9% | +2.2% |
| 2019 | 26.6% | +6.8% |
| 2020 | 27.7% | +4.3% |
| 2021 | 25.7% | -7.2% |
| 2022 | 31.2% | +21.0% |
| 2023 | 30.5% | -2.3% |
| 2024 | 26.2% | -14.0% |
Madagascar compared with similar countries
- Madagascar's 26.2% is below the median for low income countries, which is 29.5%, 89% of the median. (15 countries reporting)
- Madagascar's 26.2% is below the median for Sub-Saharan Africa, which is 33.6%, 78% of the median. (35 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +100.4% | 12.7% | 25.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.6% | 14.9% | 21.5% | 6 |
| 2000s | 17.7% | 10.9% | 29.5% | 7 |
| 2010s | 25.0% | 23.6% | 27.5% | 10 |
| 2020s | 28.3% | 25.7% | 31.2% | 5 |
Countries ranked near Madagascar
- 121 Congo 27.2% compare
- 122 Burkina Faso 27.1% compare
- 123 Poland 26.7% compare
- 125 Albania 25.9% compare
- 126 Saint Lucia 25.8% compare
- 127 Seychelles 24.7% compare
More public sector data for Madagascar
- Democracy, annual growth rate -100 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate -100 % change on previous year (2025)
- Elected parliament, annual growth rate -100 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate -100 % change on previous year (2025)
- Democracy 0 (2025)
- Chief executive of the government is elected 0 (2025)
- Elected parliament 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Madagascar?
- Taxes on income, profits and capital gains in Madagascar was 26.2% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Madagascar?
- The highest recorded value was 31.2% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Madagascar?
- The lowest recorded value was 10.9% in 2003.
- How does Madagascar rank for taxes on income, profits and capital gains?
- Madagascar ranks 124th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Madagascar?
- Over the last ten years it is up 9.4%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of total taxes). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.