MG · AfricaVE · Americas
Madagascar vs Venezuela: tax rates compared
Venezuela has an income tax rate of 34%, 9pp above Madagascar's 25%. The 200-country average is 28%: Madagascar sits below it, Venezuela 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 | VE | Difference |
|---|---|---|---|
| Income Tax | 25% | 34% | VE +9 pp |
| Corporate Tax | 20% | 34% | VE +14 pplargest gap |
| VAT | 20% | 16% | MG +4 pp |
| Wealth Tax | 0% | 0.3% | VE +0.3 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 |
| Venezuela | 34% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −9 pp | Venezuela higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Venezuela | 34% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −14 pp | Venezuela higher |
Venezuela has a corporate tax rate of 34%, 14pp above Madagascar's 20%. The 201-country average is 22.6%: Madagascar sits below it, Venezuela sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Venezuela | 16% | Source: PWC Worldwide Tax Summaries — Venezuela (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +4 pp | Madagascar higher |
Madagascar has a VAT rate of 20%, 4pp above Venezuela's 16%. The 181-country average is 15%: both sit above it. Madagascar's figure is dated 2025-11-18 and Venezuela's 2026-01-12, 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 |
| Venezuela | 0.3% | Source: PWC Worldwide Tax Summaries — Venezuela (Individual, Other taxes) · as of 2026-01-12 |
| Difference | −0.3 pp | Venezuela higher |
Venezuela has a wealth tax rate of 0.3%, 0.3pp above Madagascar's 0%. The 193-country average is 0.1%: Madagascar sits below it, Venezuela sits above it. Madagascar's figure is dated 2025-11-18 and Venezuela's 2026-01-12, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.