Madagascar vs Sri Lanka
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.
🇲🇬 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.
🇱🇰 Sri Lanka — Provincial & Local Authority Taxes
Sri Lanka's 9 provincial councils have some tax powers including turnover tax, certain business taxes, and stamp duties within their provinces. Local authorities (municipal councils, urban councils, pradeshiya sabhas) levy property tax (Assessment rate) at 25% of annual value and various service fees. The Inland Revenue Department (IRD) administers national taxes. Sri Lanka went through a severe debt crisis in 2022–23; significant IMF-backed tax reforms dramatically raised income tax rates and broadened the tax base.
Madagascar vs Sri Lanka: Key Tax Differences (2026)
💰 Income Tax: 🇱🇰 Sri Lanka has a higher top income tax rate (0–20% vs 6–36%). 🇲🇬 Madagascar is more favourable for high earners.
🛒 VAT/Sales Tax: Madagascar has a higher consumption tax (20% vs 18%).
🏢 Corporate Tax: 🇲🇬 Madagascar offers a lower corporate rate (20% vs 30%), which can influence business location decisions.
📈 Capital Gains: 🇱🇰 Sri Lanka taxes investment gains at a lower rate (10% vs 20%), benefiting investors.