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Country Overview
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Capital City:
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Antananarivo
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Chief of State:
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Andry RAJOELINA
President since 2009
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Head of Government:
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Albert Camille VITAL
Prime Minister since 2009
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Area (sq km):
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587,041 (land & water)
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Population:
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n/a
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Revenue Overview
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Revenue Authority:
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Direction Générale des Impots-Madagascar
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Administration Head:
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Mr Armand TAZAFY
Directeur Général des Impôts
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Institution Address:
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*
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B.P 863 – 10,
Antananarivo, Madagascar
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(
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Mobile:
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+261 341 202 000
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'
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Phone:
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+261 20 22 355 50
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7
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Fax:
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+261 20 22 347 45
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;
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e-Mail:
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dgimpots@moov.mg
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Country Correspondents:
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Mme MAHENIPSOA
Mme Nivo Ramilijaona
Mme Mino
Mme Hanpa
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Contact Details:
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'
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Phone:
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+261 20 22 355 50
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'
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Phone:
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+261 20 22 287 08
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7
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Fax:
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+261 20 22 347 45
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;
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e-Mail:
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http://ataftax.net/about-us/ataf-member-countries/hdgimpots@moov.mg
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Tax Rate Overview
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Personal Income Tax:
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Tax Year:
Calendar Year (taxpayers who carry on a business may elect a different tax year.)
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Tax Rate:
23%
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Taxpayers earning income other than employment income must file a tax return as follows: (1) if the fiscal year is the calendar year, the return must be filed before 15 May of the following year; (2) if the taxpayer's fiscal year ends on 30 June, the return must be filed before 15 November of the same year; and (3) for all other taxpayers, the return is due within 4 months of the end of the year. Individuals earning employment income must file before the 15th day of the following month after the salary is paid.
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Corporate Tax:
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Tax Year:
Calendar Year
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Tax Rate:
23%
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All companies are required to file an annual tax return, with the filing date depending on the financial yearend of the company. Companies with a December year-end must file a return before 15 May the following year and, if the taxpayer's ends on 30 June, filing must be made before 15 November of the same year. Companies with a different year-end must file a return within 4 months.
Income tax is payable in 6 instalments, remitted every 2 months. The instalments are based on the prior year tax liability, with the balance of tax due on the same day as the filing of the tax return.
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Consumption Tax:
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Nature of the Tax:
Value Added Tax (VAT)
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Tax Rate:
20%
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Filing & Payment:
VAT returns are due on a monthly basis.
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VAT is compulsory for companies (legal entities) and individuals with an annual turnover exclusive of tax higher than MGA 200 million. Companies (legal entities) and individuals with annual turnover, exclusive of tax, of less than MGA 200 million may opt to be liable to VAT.
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Economic Overview
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GDP per capita (PPP) %:
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n/a
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Tax to GDP Ratio %:
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n/a
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Inflation Rate %:
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n/a
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Currency:
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Malagasy Franc
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