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Madagascar vs Suriname: tax rates compared
Suriname's income tax rate is 13pp higher than Madagascar's (38% vs 25%). The 200-country average is 28%: Madagascar sits below it, Suriname sits above it. Madagascar's figure is dated 2026-01-01 and Suriname's 2024-10-01, 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 | SR | Difference |
|---|---|---|---|
| Income Tax | 25% | 38% | SR +13 pp |
| Corporate Tax | 20% | 36% | SR +16 pplargest gap |
| VAT | 20% | 10% | MG +10 pp |
| Wealth Tax | 0% | 3% | SR +3 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 |
| Suriname | 38% | Source: Belastingdienst Suriname (tax authority) — Wet Inkomstenbelasting 1922, as last amended by S.B. 2024 no. 3 (Art. 34) · as of 2024-10-01 |
| Difference | −13 pp | Suriname higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Suriname | 36% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −16 pp | Suriname higher |
Suriname's corporate tax rate is 16pp higher than Madagascar's (36% vs 20%). The 201-country average is 22.6%: Madagascar sits below it, Suriname sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Suriname | 10% | Source: Belastingdienst Suriname (Suriname Tax Administration) · as of 2023-01-01 |
| Difference | +10 pp | Madagascar higher |
Madagascar's VAT rate is 10pp higher than Suriname's (20% vs 10%). The 181-country average is 15%: Madagascar sits above it, Suriname sits below it. Madagascar's figure is dated 2025-11-18 and Suriname's 2023-01-01, 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 |
| Suriname | 3% | Source: Belastingdienst Suriname — Wet Vermogensbelasting 1944 (geldende tekst, zoals laatstelijk gewijzigd bij S.B. 2002 no.107) · as of 2024-10-01 |
| Difference | −3 pp | Suriname higher |
Suriname's wealth tax rate is 3pp higher than Madagascar's (3% vs 0%). The 193-country average is 0.1%: Madagascar sits below it, Suriname sits above it. Madagascar's figure is dated 2025-11-18 and Suriname's 2024-10-01, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.