BB · AmericasMG · Africa
Barbados vs Madagascar: tax rates compared
Barbados has an income tax rate of 28.5%, 3.5pp above Madagascar's 25%. The 200-country average is 28%: Barbados sits above it, Madagascar sits below it.
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 | BB | MG | Difference |
|---|---|---|---|
| Income Tax | 28.5% | 25% | BB +3.5 pp |
| Corporate Tax | 9% | 20% | MG +11 pplargest gap |
| VAT | 17.5% | 20% | MG +2.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 28.5% | Source: PWC Worldwide Tax Summaries — Barbados (Individual, Taxes on personal income) · as of 2026-01-11 |
| 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 | +3.5 pp | Barbados higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 9% | 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 | −11 pp | Madagascar higher |
Madagascar has a corporate tax rate of 20%, 11pp above Barbados's 9%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Barbados | 17.5% | Source: PWC Worldwide Tax Summaries — Barbados (Corporate, Other taxes) · as of 2026-01-11 |
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Difference | −2.5 pp | Madagascar higher |
Madagascar has a VAT rate of 20%, 2.5pp above Barbados's 17.5%. The 181-country average is 15%: both sit above it. Barbados's figure is dated 2026-01-11 and Madagascar's 2025-11-18, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Barbados | 0% | Source: PWC Worldwide Tax Summaries — Barbados (Net wealth/worth tax rates) · as of 2026-01-11 |
| 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 |
Barbados and Madagascar share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Barbados's figure is dated 2026-01-11 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.