The threshold to determine whether an individual business is subject to impôt synthetic of 5% on revenue or to income tax of 20% on profit is changed from 100 million Malagasy ariary (MGA) in 2018 to MGA 200 million in 2019. Businesses having annual revenue of more than MGA 200 million are subject to income tax of 20%.
Since June 2019, minimum salary tax of MGA 2,000 is applicable to salary up to MGA 350,000 instead of up to MGA 250,000.
Since January 2019, employers are required to contribute to the Fonds National pour la Formation Professionnelle. The contribution rate is 1% of the monthly salary income.
Last Reviewed - 02 September 2019