Madagascar's Finance Law for 2019 was promulgated on 26 December 2018. The main tax-related amendments are summarized below:
- The annual turnover threshold to fall under the scope of the standard corporate income tax regime (20% rate) was increased from MGA 100 million to MGA 200 million (companies with turnover below the threshold are subject to Synthetic Tax applicable at a rate of 5% on 70% of turnover);
- Concerning the tax exemption of income and capital gains derived from the disposal of …