Venezuela vs Madagascar
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
💰 Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country — side by side.
🇻🇪 Venezuela — Municipal & State Taxes
Venezuela's 23 states and Caracas Capital District have constitutionally defined taxing powers. States levy taxes on minerals, hydrocarbons (petróleo royalties), and salinas. Municipalities levy the Impuesto sobre Actividades Económicas (IAE) — a gross receipts tax — at 0.5%–10% on businesses, varying dramatically by municipality. The SENIAT (tax authority) administers national taxes. Hyperinflation (2017–2021) destroyed the bolívar and most formal taxation. Dollarization and new strong bolívar (VES) partially stabilized the system. Significant informal economy.
🇲🇬 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.
Venezuela vs Madagascar: Key Tax Differences (2026)
💰 Income Tax: 🇻🇪 Venezuela has a higher top income tax rate (6–34% vs 0–20%). 🇲🇬 Madagascar is more favourable for high earners.
🛒 VAT/Sales Tax: Madagascar has a higher consumption tax (16% vs 20%).
🏢 Corporate Tax: 🇲🇬 Madagascar offers a lower corporate rate (20% vs 34%), which can influence business location decisions.
📈 Capital Gains: 🇲🇬 Madagascar taxes investment gains at a lower rate (20% vs 34%), benefiting investors.