Effective bank tax rate reached 21.4% in 2020 in Madagascar, according to the National Central Bank. This is 3.30% more than in the previous year.
Historically, effective bank tax rate in Madagascar reached an all time high of 26.8% in 2010 and an all time low of 20.3% in 2017.
Madagascar has been ranked 27th within the group of 58 countries we follow in terms of effective bank tax rate.
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