Madagascar Tax Tables 2022 - Tax Rates and Thresholds in Madagascar
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This page contains the tax table information used for the calculation of tax and payroll deductions in Madagascar in 2022. These tax tables are used for the tax and payroll calculators published on iCalculator™ MG, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Madagascar or would like to add to or suggest amendments to the information herein then please contact us.
2022 Tax Tables [Quick Links]
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Madagascar Personal Income Tax Tables in 2022
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 2022.
Madagascar Residents Income Tax Tables in 2022
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Income from $ 0.000.00 | to | $ 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 2022
Personal Income Tax Rates and Thresholds (Annual)Tax Rate | Taxable Income Threshold |
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0% | Income from $ 0.000.00 | to | $ 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 |
In Madagascar, social security deductions made by employees are generally not deductible when calculating taxable income. This means that the gross income of an employee is subject to income tax before social security contributions are deducted. Therefore, while these contributions are mandatory and serve to fund important social benefits, they do not reduce the taxable base of the employee's income for the purpose of calculating income tax. This approach aligns with Madagascar's efforts to generate sufficient revenue for public services and social programs, while ensuring that the social security system is adequately funded.
Madagascar Social Security and Payroll Deduction Rates in 2022
In Madagascar, the social security system is designed to provide protection and support to employees and their families in cases of old age, disability, illness, work-related injuries, and unemployment. Both employees and employers are required to contribute to this system, with deductions made directly from payroll. These contributions fund a range of benefits aimed at ensuring the well-being of the workforce and aiding in social welfare.
Madagascar Social Security in 2022: Rates for Employers and EmployeesCategory | Employee | Employer | Total |
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National Pensions Fund | 1% | 13% | 14% |
Health Insurance | 1% | 5% | 6% |
Training Fund (FMPF) | 0% | 1% | 1% |
Madagascar Social Security and Payroll Deduction in 2022: Earnings Thresholds for Employers and EmployeesCategory | Employee | Employer |
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Min. | Max. | Min. | Max. |
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National Pensions Fund | n/a | $ 20,832,000.00 | n/a | $ 20,832,000.00 |
Health Insurance | n/a | $ 20,832,000.00 | n/a | $ 20,832,000.00 |
Training Fund (FMPF) | n/a | n/a | n/a | $ 20,832,000.00 |
Madagascar VAT Rates in 2022
VAT rates for Madagascar are reviewed annually, you can use the VAT Calculator to calculate VAT due in Madagascar or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
Madagascar VAT RatesVAT Rate | VAT Description |
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20% | Standard Rate |
Historic Tax Tables supported for Madagascar
The following tax tables are supported by iCalculator™ MG as part of the suite of free tax tools we provide for Madagascar.