Bhutan vs Madagascar
Tax Rate Comparison
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💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
🇧🇹 Bhutan — Dzongkhag & Thromde Taxes
Bhutan's 20 dzongkhags (districts) and thromdes (municipalities) levy local land tax, cattle tax, and local fees. Bhutan is a constitutional monarchy pursuing Gross National Happiness over GDP. Corporate and business income taxes are primary revenue sources; personal income tax is minimal for most citizens given the country's structure. Bhutan has major hydropower export revenues from India and has become notable for state-enterprise cryptocurrency mining. The country is transitioning toward more market-oriented development with LDC graduation aspirations.
🇲🇬 Madagascar — Region & Commune Taxes
Madagascar's 6 provinces, 22 regions, and 1,695 communes levy Taxe Foncière sur les Terrains (TFT), Taxe Foncière sur les Propriétés Bâties (TFPB), and Taxe Professionnelle (TP — business licence). The Direction Générale des Impôts (DGI) administers national taxes. Madagascar is highly dependent on vanilla (world's largest producer), cloves, seafood exports, and mining (ilmenite, cobalt via Ambatovy). It's among the world's poorest countries. Cyclones regularly disrupt the economy and infrastructure.
Bhutan vs Madagascar: Key Tax Differences (2026)
💰 Income Tax: 🇧🇹 Bhutan has a higher top income tax rate (0–25% vs 0–20%). 🇲🇬 Madagascar is more favourable for high earners.
🛒 VAT/Sales Tax: Madagascar has a higher consumption tax (0% vs 20%).
🏢 Corporate Tax: 🇲🇬 Madagascar offers a lower corporate rate (20% vs 30%), which can influence business location decisions.
📈 Capital Gains: 🇧🇹 Bhutan taxes investment gains at a lower rate (0% vs 20%), benefiting investors.