CO · AmericasMG · Africa
Colombia vs Madagascar: tax rates compared
Between the two, Colombia's income tax rate (39%) tops Madagascar's (25%) by 14pp. The 200-country average is 28%: Colombia sits above it, Madagascar sits below it. Colombia's figure is dated 2025-01-01 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 | CO | MG | Difference |
|---|---|---|---|
| Income Tax | 39% | 25% | CO +14 pp |
| Corporate Tax | 35% | 20% | CO +15 pplargest gap |
| VAT | 19% | 20% | MG +1 pp |
| Wealth Tax | 1.5% | 0% | CO +1.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 39% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| 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 | +14 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | 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 | +15 pp | Colombia higher |
Between the two, Colombia's corporate tax rate (35%) tops Madagascar's (20%) by 15pp. The 201-country average is 22.6%: Colombia sits above it, Madagascar sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Colombia | 19% | Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23 |
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Difference | −1 pp | Madagascar higher |
Between the two, Madagascar's VAT rate (20%) tops Colombia's (19%) by 1pp. The 181-country average is 15%: both sit above it. Colombia's figure is dated 2026-01-23 and Madagascar's 2025-11-18, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 1.5% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Madagascar | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-11-18 |
| Difference | +1.5 pp | Colombia higher |
Between the two, Colombia's wealth tax rate (1.5%) tops Madagascar's (0%) by 1.5pp. The 193-country average is 0.1%: Colombia sits above it, Madagascar sits below it. Colombia's figure is dated 2026-01-23 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.