MG · AfricaTT · Americas
Madagascar vs Trinidad and Tobago: tax rates compared
Trinidad and Tobago's income tax rate is 5pp higher than Madagascar's (30% vs 25%). The 200-country average is 28%: Madagascar sits below it, Trinidad and Tobago sits above it.
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 | TT | Difference |
|---|---|---|---|
| Income Tax | 25% | 30% | TT +5 pp |
| Corporate Tax | 20% | 30% | TT +10 pplargest gap |
| VAT | 20% | 12.5% | MG +7.5 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 |
| Trinidad and Tobago | 30% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Taxes on personal income) · as of 2026-06-02 |
| Difference | −5 pp | Trinidad and Tobago higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Trinidad and Tobago | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −10 pp | Trinidad and Tobago higher |
Trinidad and Tobago's corporate tax rate is 10pp higher than Madagascar's (30% vs 20%). The 201-country average is 22.6%: Madagascar sits below it, Trinidad and Tobago sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Trinidad and Tobago | 12.5% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Corporate, Other taxes) · as of 2026-06-02 |
| Difference | +7.5 pp | Madagascar higher |
Madagascar's VAT rate is 7.5pp higher than Trinidad and Tobago's (20% vs 12.5%). The 181-country average is 15%: Madagascar sits above it, Trinidad and Tobago sits below it. Madagascar's figure is dated 2025-11-18 and Trinidad and Tobago's 2026-06-02, 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 |
| Trinidad and Tobago | 0% | Source: PWC Worldwide Tax Summaries — Trinidad and Tobago (Individual, Other taxes) · as of 2026-06-02 |
| Difference | 0 pp | displayed rates match |
Madagascar's wealth tax rate is identical to Trinidad and Tobago'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 Trinidad and Tobago's 2026-06-02, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.