Madagascar vs Montenegro
Tax Rate Comparison
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🇲🇬 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.
🇲🇪 Montenegro — Municipal Taxes
Montenegro's 24 municipalities (opštine) levy property tax (0.25%–1% of market value), accommodation tax (turistička taksa), and business activity fees. Podgorica and coastal tourist municipalities (Budva, Kotor, Bar) have higher rates. The Tax Administration of Montenegro administers national taxes. Montenegro uses the euro as official currency without being an EU member. EU accession negotiations are advanced (since 2012). Significant foreign real estate investment from Russia, UK, and Middle East buyers. MFEZ (Montenegro Free Economic Zone) in Bar offers incentives.
Madagascar vs Montenegro: Key Tax Differences (2026)
💰 Income Tax: 🇲🇬 Madagascar has a higher top income tax rate (0–20% vs 9–15%). 🇲🇪 Montenegro is more favourable for high earners.
🛒 VAT/Sales Tax: Montenegro has a higher consumption tax (20% vs 7–21%).
🏢 Corporate Tax: 🇲🇪 Montenegro offers a lower corporate rate (15% vs 20%), which can influence business location decisions.
📈 Capital Gains: 🇲🇪 Montenegro taxes investment gains at a lower rate (15% vs 20%), benefiting investors.