Madagascar Income Tax Rates and Personal Allowances in 2021

The Income tax rates and personal allowances in Madagascar are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Madagascar Tax Calculator 2021.

Note: regardless of income, the minimum income tax due on salary in Madagascar is $2,000.00 in 2021

Madagascar Residents Income Tax Tables in 2021: Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from $0.00to $350,000.00
5%Income from $350,000.01 to $400,000.00
10%Income from $400,000.01 to $500,000.00
15%Income from $500,000.01 to $600,000.00
20%Income from $600,000.01 and above
Madagascar Non-Residents Income Tax Tables in 2021: Income Tax Rates and Thresholds (Annual)
Tax RateTaxable Income Threshold
0%Income from $0.00to $350,000.00
5%Income from $350,000.01 to $400,000.00
10%Income from $400,000.01 to $500,000.00
15%Income from $500,000.01 to $600,000.00
20%Income from $600,000.01 and above
Madagascar Social Security in 2021: Rates and Thresholds (Annual)
Tax RatePayable by:
1%Employee
13%Employer

Income Tax in Madagascar in 2021

Taxes, including personal income tax, expenses and limitations are reviewed by the Government in Madagascar periodically and typically updated each year. Not that not all tax rates and thresholds in Madagascar change annually, alterations to tax policy to support strategic economic growth in Madagascar mean that the certain areas may be focused on to provide specific tax relief in Madagascar or support growth in certain areas (overseas invstment in Madagascar for example may mean reduced non-resident income tax rates in Madagascar for a period).

When tax policy in Madagascar changes, the resultant tax tables also change. Tax tables in Madagascar are simply a list of the relevent tax rates, fixed amounts and / or threholds used in the computation of tax in Madagascar, the Madagascar tax tables also include specific notes and guidance on the validity of scenarios (for example, qualifying criterea for specific tax relief / allowances) and notes of the calculation of phaseout of specific tax elements within each taxation group (dividends and corporation tax thresholds in Madagascar for example).

Madagascar Tax Tables may also be referred to as Madagascar Tax Slabs, Madagascar personal allowances and tax thresholds or Madagascar business tax rates. They all refer to the tax tables, whether in whole or as specific sections/categories of the tax tables therein. In the section, we publish all 2021 tax rates and thresholds used within the 2021 Madagascar Salary Calculator. This means that if you are aware of a 2021 tax exemption or 2021 tax allowance in Madagascar that you are entitled too BUT it isn't listed here, that we don't allow for it in this version of the Madagascar Salary Calculator. This is simply because we updated our tax calculators based on user feedback, we tailor the Madagascar Salary Calculator to suit our users needs. Our aim is to keep tax calculations in Madagascar simple, we achieve this my making the Madagascar tax calculators relevent to our community's needs, this includes you. So, if you would like a new 2021 tax rates, allowance or threshold adding (or perhaps updating), or if you notice an error in our 2021 tax calculations, simply contact us and we will adjust the tool.

Choose a specific income tax year to see the Madagascar income tax rates and personal allowances used in the associated income tax calculator for the same tax year.