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Madagascar vs Saint Vincent and the Grenadines: tax rates compared
Saint Vincent and the Grenadines's income tax rate is 3pp higher than Madagascar's (28% vs 25%). The 200-country average is 28%: Madagascar sits below it, Saint Vincent and the Grenadines matches the world average. Madagascar's figure is dated 2026-01-01 and Saint Vincent and the Grenadines's 2024-01-01, 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 | MG | VC | Difference |
|---|---|---|---|
| Income Tax | 25% | 28% | VC +3 pp |
| Corporate Tax | 20% | 28% | VC +8 pplargest gap |
| VAT | 20% | 16% | MG +4 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| 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 |
| Saint Vincent and the Grenadines | 28% | Source: Saint Vincent and the Grenadines Inland Revenue Department — PAYE Tax Tables (Code 245) · as of 2024-01-01 |
| Difference | −3 pp | Saint Vincent and the Grenadines higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Saint Vincent and the Grenadines | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −8 pp | Saint Vincent and the Grenadines higher |
Saint Vincent and the Grenadines's corporate tax rate is 8pp higher than Madagascar's (28% vs 20%). The 201-country average is 22.6%: Madagascar sits below it, Saint Vincent and the Grenadines sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Saint Vincent and the Grenadines | 16% | Source: EY Worldwide VAT, GST and Sales Tax Guide 2026 — Saint Vincent and the Grenadines · as of 2026-01-01 |
| Difference | +4 pp | Madagascar higher |
Madagascar's VAT rate is 4pp higher than Saint Vincent and the Grenadines's (20% vs 16%). The 181-country average is 15%: both sit above it. Madagascar's figure is dated 2025-11-18 and Saint Vincent and the Grenadines's 2026-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Madagascar | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-11-18 |
| Saint Vincent and the Grenadines | 0% | Source: Saint Vincent and the Grenadines Inland Revenue Department — Taxes · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Madagascar's wealth tax rate is identical to Saint Vincent and the Grenadines's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Madagascar's figure is dated 2025-11-18 and Saint Vincent and the Grenadines's 2026-07-18, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.