Madagascar | Finance Law for 2025

Madagascar | Finance Law for 2025

The Finance Law for 2025 has introduced the following key amendments to the Tax Code, effective 1 January 2025.

Increase in Tax-Deductible Limit for Health Insurance Contributions

The tax deduction limit of the employee's contribution to a corporate health organisation or health insurance entity has been increased from 1% of gross salary to 2% of gross salary. per month.

Clarification on Volunteer Allowances

Non-remunerative allowances paid to volunteers, as outlined in Law No. 2015-015 of 22 June 2015 on volunteerism in Madagascar, are not classified as salaries and are therefore exempt from IRSA.


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