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Jamaica vs Madagascar: tax rates compared
Jamaica has an income tax rate of 30%, 5pp above Madagascar's 25%. The 200-country average is 28%: Jamaica sits above it, Madagascar sits below it. Jamaica's figure is dated 2025-12-31 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 | JM | MG | Difference |
|---|---|---|---|
| Income Tax | 30% | 25% | JM +5 pplargest gap |
| Corporate Tax | 25% | 20% | JM +5 pp |
| VAT | 15% | 20% | MG +5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 30% | Source: PWC Worldwide Tax Summaries — Jamaica (Individual, Taxes on personal income) · as of 2025-12-31 |
| 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 | Jamaica higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 25% | 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 | +5 pp | Jamaica higher |
Jamaica has a corporate tax rate of 25%, 5pp above Madagascar's 20%. The 201-country average is 22.6%: Jamaica sits above it, Madagascar sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Jamaica | 15% | Source: PWC Worldwide Tax Summaries — Jamaica (Corporate, Other taxes) · as of 2025-12-31 |
| 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 Jamaica's 15%. The 181-country average is 15%: Jamaica matches the world average, Madagascar sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Jamaica | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-12-31 |
| 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 |
Jamaica and Madagascar share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.