GM · AfricaMG · Africa
Gambia vs Madagascar: tax rates compared
There's no gap here — Gambia and Madagascar both post an income tax rate of 25%. The 200-country average is 28%: both sit below it. Gambia's figure is dated 2018-01-01 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 | GM | MG | Difference |
|---|---|---|---|
| Income Tax | 25% | 25% | match |
| Corporate Tax | 27% | 20% | GM +7 pplargest gap |
| VAT | 15% | 20% | MG +5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 25% | Source: Gambia Revenue Authority — Personal Income Tax · as of 2018-01-01 |
| 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 | 0 pp | displayed rates match |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 27% | 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 pp | Gambia higher |
Between the two, Gambia's corporate tax rate (27%) tops Madagascar's (20%) by 7pp. The 201-country average is 22.6%: Gambia sits above it, Madagascar sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Gambia | 15% | Source: Gambia Revenue Authority — Domestic Taxes FAQs · as of 2026-01-01 |
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Difference | −5 pp | Madagascar higher |
Between the two, Madagascar's VAT rate (20%) tops Gambia's (15%) by 5pp. The 181-country average is 15%: Gambia matches the world average, Madagascar sits above it. Gambia's figure is dated 2026-01-01 and Madagascar's 2025-11-18, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Gambia | 0% | Source: Gambia Revenue Authority · as of 2026-07-18 |
| 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 |
There's no gap here — Gambia and Madagascar both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Gambia's figure is dated 2026-07-18 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.