MG · AfricaTR · Asia
Madagascar vs Türkiye: tax rates compared
Between the two, Türkiye's income tax rate (40.8%) tops Madagascar's (25%) by 15.8pp. The 200-country average is 28%: Madagascar sits below it, Türkiye sits above it. Madagascar's figure is dated 2026-01-01 and Türkiye'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 | TR | Difference |
|---|---|---|---|
| Income Tax | 25% | 40.8% | TR +15.8 pplargest gap |
| Corporate Tax | 20% | 25% | TR +5 pp |
| VAT | 20% | 20% | match |
| 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 |
| Türkiye | 40.8% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −15.8 pp | Türkiye higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Türkiye | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Türkiye higher |
Between the two, Türkiye's corporate tax rate (25%) tops Madagascar's (20%) by 5pp. The 201-country average is 22.6%: Madagascar sits below it, Türkiye sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Türkiye | 20% | Source: PWC Worldwide Tax Summaries — Turkey (Corporate, Other taxes) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Madagascar and Türkiye both post a VAT rate of 20%. The 181-country average is 15%: both sit above it. Madagascar's figure is dated 2025-11-18 and Türkiye's 2026-03-27, 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 |
| Türkiye | 0% | Source: PWC Worldwide Tax Summaries — Türkiye (Individual, Other taxes) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Madagascar and Türkiye both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Madagascar's figure is dated 2025-11-18 and Türkiye's 2026-03-27, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.