MG · AfricaZW · Africa
Madagascar vs Zimbabwe: tax rates compared
Zimbabwe has an income tax rate of 40%, 15pp above Madagascar's 25%. The 200-country average is 28%: Madagascar sits below it, Zimbabwe sits above it. Madagascar's figure is dated 2026-01-01 and Zimbabwe'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 | ZW | Difference |
|---|---|---|---|
| Income Tax | 25% | 40% | ZW +15 pplargest gap |
| Corporate Tax | 20% | 25.8% | ZW +5.8 pp |
| VAT | 20% | 15.5% | MG +4.5 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 |
| Zimbabwe | 40% | Source: Zimbabwe Revenue Authority (ZIMRA) — PAYE Foreign Currency (USD) Tax Tables, January-December 2025 · as of 2025-01-01 |
| Difference | −15 pp | Zimbabwe higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Zimbabwe | 25.8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5.8 pp | Zimbabwe higher |
Zimbabwe has a corporate tax rate of 25.8%, 5.8pp above Madagascar's 20%. The 201-country average is 22.6%: Madagascar sits below it, Zimbabwe sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Madagascar | 20% | Source: PWC Worldwide Tax Summaries — Madagascar (Corporate, Other taxes) · as of 2025-11-18 |
| Zimbabwe | 15.5% | Source: EY Worldwide VAT, GST and Sales Tax Guide 2026 — Zimbabwe · as of 2026-01-01 |
| Difference | +4.5 pp | Madagascar higher |
Madagascar has a VAT rate of 20%, 4.5pp above Zimbabwe's 15.5%. The 181-country average is 15%: both sit above it. Madagascar's figure is dated 2025-11-18 and Zimbabwe's 2026-01-01, 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 |
| Zimbabwe | 0% | Source: ZIMRA (Zimbabwe Revenue Authority) · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Madagascar and Zimbabwe share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Madagascar's figure is dated 2025-11-18 and Zimbabwe's 2026-07-18, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.