CY · EuropeMG · Africa
Cyprus vs Madagascar: tax rates compared
Cyprus has an income tax rate of 35%, 10pp above Madagascar's 25%. The 200-country average is 28%: Cyprus 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 | CY | MG | Difference |
|---|---|---|---|
| Income Tax | 35% | 25% | CY +10 pplargest gap |
| Corporate Tax | 12.5% | 20% | MG +7.5 pp |
| VAT | 19% | 20% | MG +1 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 35% | Source: PWC Worldwide Tax Summaries — Cyprus (Individual, Taxes on personal income) · as of 2026-05-18 |
| 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 | +10 pp | Cyprus higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 12.5% | 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 | −7.5 pp | Madagascar higher |
Madagascar has a corporate tax rate of 20%, 7.5pp above Cyprus's 12.5%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Cyprus | 19% | Source: PWC Worldwide Tax Summaries — Cyprus (Corporate, Other taxes) · as of 2026-05-18 |
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Difference | −1 pp | Madagascar higher |
Madagascar has a VAT rate of 20%, 1pp above Cyprus's 19%. The 181-country average is 15%: both sit above it. Cyprus's figure is dated 2026-05-18 and Madagascar's 2025-11-18, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Cyprus | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-05-18 |
| 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 |
Cyprus and Madagascar share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Cyprus's figure is dated 2026-05-18 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.