AM · AsiaMG · Africa
Armenia vs Madagascar: tax rates compared
Madagascar has an income tax rate of 25%, 5pp above Armenia's 20%. The 200-country average is 28%: both sit below it. Armenia's figure is dated 2023-01-01 and Madagascar's 2026-01-01, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | AM | MG | Difference |
|---|---|---|---|
| Income Tax | 20% | 25% | MG +5 pplargest gap |
| Corporate Tax | 18% | 20% | MG +2 pp |
| VAT | 20% | 20% | match |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 20% | Source: EY Worldwide Personal Tax and Immigration Guide (March 2026) — Armenia · as of 2023-01-01 |
| Madagascar | 25% | Source: Ministère de l'Économie et des Finances (Madagascar) — Loi n° 2025-021 portant Loi de Finances pour 2026, Article 01.03.16 · as of 2026-01-01 |
| Difference | −5 pp | Madagascar higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 18% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Madagascar | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −2 pp | Madagascar higher |
Madagascar has a corporate tax rate of 20%, 2pp above Armenia's 18%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Armenia | 20% | Source: PWC Worldwide Tax Summaries — Armenia (Corporate, Other taxes) · as of 2026-06-30 |
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Difference | 0 pp | displayed rates match |
Armenia and Madagascar share the same VAT rate: 20%. The 181-country average is 15%: both sit above it. Armenia's figure is dated 2026-06-30 and Madagascar's 2025-11-18, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 0% | Source: PWC Worldwide Tax Summaries — Armenia (Net wealth/worth tax rates) · as of 2026-06-30 |
| Madagascar | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-11-18 |
| Difference | 0 pp | displayed rates match |
Armenia and Madagascar share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Armenia's figure is dated 2026-06-30 and Madagascar's 2025-11-18, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.