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Grenada vs Madagascar: tax rates compared
Grenada has an income tax rate of 30%, 5pp above Madagascar's 25%. The 200-country average is 28%: Grenada sits above it, Madagascar sits below it.
Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | MG | Difference |
|---|---|---|---|
| Income Tax | 30% | 25% | GD +5 pp |
| Corporate Tax | 28% | 20% | GD +8 pplargest gap |
| VAT | 15% | 20% | MG +5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| 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 | Grenada higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | 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 | +8 pp | Grenada higher |
Grenada has a corporate tax rate of 28%, 8pp above Madagascar's 20%. The 201-country average is 22.6%: Grenada sits above it, Madagascar sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Difference | −5 pp | Madagascar higher |
Madagascar has a VAT rate of 20%, 5pp above Grenada's 15%. The 181-country average is 15%: Grenada matches the world average, Madagascar sits above it. Grenada's figure is dated 2010-02-01 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, Wealth Tax.