MG · AfricaES · Europe
Madagascar vs Spain: tax rates compared
Spain's income tax rate is 23.6pp higher than Madagascar's (48.6% vs 25%). The 200-country average is 28%: Madagascar sits below it, Spain sits above it. Madagascar's figure is dated 2026-01-01 and Spain's 2025-01-01, 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 | ES | Difference |
|---|---|---|---|
| Income Tax | 25% | 48.6% | ES +23.6 pplargest gap |
| Corporate Tax | 20% | 25% | ES +5 pp |
| VAT | 20% | 21% | ES +1 pp |
| Wealth Tax | 0% | 3.5% | ES +3.5 pp |
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 |
| Spain | 48.6% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −23.6 pp | Spain higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Spain | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Spain higher |
Spain's corporate tax rate is 5pp higher than Madagascar's (25% vs 20%). The 201-country average is 22.6%: Madagascar sits below it, Spain sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Spain | 21% | Source: PWC Worldwide Tax Summaries — Spain (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | −1 pp | Spain higher |
Spain's VAT rate is 1pp higher than Madagascar's (21% vs 20%). The 181-country average is 15%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Madagascar | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-11-18 |
| Spain | 3.5% | Source: PWC Worldwide Tax Summaries — Spain (Individual, Other taxes) · as of 2025-12-31 |
| Difference | −3.5 pp | Spain higher |
Spain's wealth tax rate is 3.5pp higher than Madagascar's (3.5% vs 0%). The 193-country average is 0.1%: Madagascar sits below it, Spain sits above it.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.