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THE CRUCIAL ROLE OF WELL-MANAGED TAXATION

Taxation in Madagascar is a key element of the country’s economic development. A well-designed tax system encourages investment and stimulates the growth of local businesses. However, tax management also represents a major challenge for many companies, particularly due to the complexity of tax regulations. It is in this context...

VAT EXEMPT PRODUCTS IN MADAGASCAR

In order to promote the activities of certain social and other organizations, products are exempted from VAT (Value Added Tax). The exemptions vary according to the budgetary orientations of the Finance Law each year, as is the case in Madagascar. Taxable Activities in Madagascar The scope of VAT in Madagascar applies...

MADAGASCAR: THE TREASURE TROVE

Madagascar is a large island that is not only home to exceptional biodiversity and a large number of endemic species, but also a treasure island hiding coveted natural wealth. We live on a gold mine, but also above precious stones, rare and valuable jewels. All these wonders encourage investors...

A GUIDE TO MASTERING THE COMPENSATION EVALUATION PROCESS

As a gesture of appreciation towards employees, salary review serves as a driver of motivation and commitment. This decision, made by the management, involves increasing salaries within a company. It is a strategic element for retaining talent. However, mastering this process is crucial to avoid counterproductive effects, including the...

UNDERSTANDING AND MANAGING PAYROLL EXPENSES

Setting Gross Salary Based on Minimum Wage and Worker Category When drafting the employment contract, the company will determine the Socio-Professional Category (CSP) of the worker based on their acquired qualifications and professional experience. There are 5 groups of Socio-Professional Categories (CSP) in Madagascar. Employees with CSP codes M1, M2,...

Minimum wage in Madagascar

Before recruiting a new employee, it’s essential to simulate hiring costs in order to fine-tune the company’s development plan. Wage-related costs play a key role in calculating hiring costs. For the private sector, both the employee and the employer are free to set the base wage, subject to compliance with...

REVAMP YOUR HUMAN RESOURCE MANAGEMENT FOR OPTIMAL EFFICIENCY

In the ever-evolving professional landscape, human resource management emerges as a key element for the prosperity of businesses. Today’s professionals face an increasing number of challenges, particularly in payroll management, labor laws, and the necessity to comply with strict tax regulations. Faced with these challenges, many companies are seeking...