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Personal Income Tax in Madagascar
Madagascar does not use a progressive income tax system like many Western countries. Instead, it relies on withholding and presumptive taxes. Employees are taxed through IRSA (withholding on salaries), while self-employed individuals and small businesses often fall under a presumptive regime. Investment income is subject to flat withholding rates—10% on dividends and 15% on interest. Capital gains on real estate and other assets are taxable, and rental income must be declared separately. All rules are defined in Madagascar’s General Tax Code (CGI).
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