Home > English > Regional Integration > Trade, Industry, Finance and Investment > Tax Database > Direct Taxes > Madagascar

Disclaimer:

This site contains information provided by third parties. The SADC Secretariat accepts no responsibility or liability whatsoever with regard to the information on this site. You are strongly advised to familiarise yourself with the terms of use for the SADC website before using this resource.

SADC Member States

CHAPTER 1 - Direct Taxes

A. Income Tax: Scheme of the Act

B. Income Tax on Resident Corporations (National Government)

1. Name of Tax and Levied in Terms of Which (Name, Number and Year)

2. Department Responsible for Administration

3. Definition and Classification

4. Basis of Taxation

4.1. Source-based or residence based

4.2. If source, define:

4.2.1. Actual source

4.2.2. Deemed source

4.3. If residence, define:

4.3.1. Define resident

4.3.2. Exclusions from the definition of resident:

4.3.3. Ceasing of residency provided for in the Act

5. Time Tax is Levied

6. 6. Included in Tax Base

7. Year of Assessment

8. Computation of Taxable Income

8.1. Exemptions

8.1.1. Partial exemptions (amounts exempt irrespective of the identity of the recipient):

8.1.2. Absolute exemptions (taxpayers enjoying completed exemption from tax on income):

8.2. Deductions and recoupments

8.2.1. Allowable deductions

8.2.2. Valuation of inventory/trading stock

8.2.3. Reserves and provisions

8.2.4. Non-deductible expenses

8.2.5. Recoupments

8.3. Depreciable regime

8.3.1. Tangibles (movable and immovable assets, for example plant and machinery)

8.3.2. Intangibles/incorporeals (for example, copyright, patents, goodwill and other intellectual rights)

8.4. Treatment of losses

9. Foreign Exchange Losses and Gains

10. Branch Profits Tax

11. Group Taxation/Consolidated Returns

12. Presumptive Tax Measures (for example, a Minimum Tax in the Form of a Gross Asset Tax)

13. Rates

14. Rebates

15. Withholding Taxes

16. Beneficiaries of Revenue