IT · EuropeMG · Africa
Italy vs Madagascar: tax rates compared
Between the two, Italy's income tax rate (47.2%) tops Madagascar's (25%) by 22.2pp. The 200-country average is 28%: Italy sits above it, Madagascar sits below it. Italy'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 | IT | MG | Difference |
|---|---|---|---|
| Income Tax | 47.2% | 25% | IT +22.2 pplargest gap |
| Corporate Tax | 27.8% | 20% | IT +7.8 pp |
| VAT | 22% | 20% | IT +2 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 47.2% | 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 | +22.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 27.8% | 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 | +7.8 pp | Italy higher |
Between the two, Italy's corporate tax rate (27.8%) tops Madagascar's (20%) by 7.8pp. The 201-country average is 22.6%: Italy sits above it, Madagascar sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Italy | 22% | Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13 |
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Difference | +2 pp | Italy higher |
Between the two, Italy's VAT rate (22%) tops Madagascar's (20%) by 2pp. The 181-country average is 15%: both sit above it. Italy's figure is dated 2026-07-13 and Madagascar's 2025-11-18, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| 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 — Italy and Madagascar both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Italy's figure is dated 2024-01-01 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.