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14.3. Calendar of Important Compliance Events

Tax Year

The tax year is the calendar year in Madagascar. However, companies may select a tax year running from 1 July to 30 June or any another tax year.

Tax Return Filing

Companies are required to file tax returns, including Synthetic Tax returns (see Sec. 8.1.1.), by 15 May of the year after the end of the relevant calendar tax year, and by 15 November for companies whose tax year ends on 30 June. However, in other cases, by the 15th day of the fourth month from the end of the tax year.

Taxpayers are required to renew the tax identification numbers every year at the time of filing of the tax returns.

COVID-19 Emergency Measures

In response to the COVID-19 pandemic, Madagascar provided the following tax measures:

  • The extension of the deadline for the submission of annual tax returns, financial statements, and declaration of third-party payments until 30 June 2020 for all taxpayers; and
  • The extension of the deadline for the submission of Synthetic Tax returns until 15 June 2020.

Tax Payments

Advance tax, including Synthetic Tax payments (see Sec. 8.1.1.), is payable bi-monthly in provisional instalments. The final tax is payable on or before the due date of tax returns i.e. by 15 May or 15 November or any other date, as applicable.

The advance tax is payable in six equal instalments on the basis of preceding year’s tax liability i.e. 15 February, 15 April, 15 June, 15 August, 15 October, and 15 December.

COVID-19 Emergency Measures

In response to the COVID-19 pandemic, Madagascar provided the following tax measures:

  • The suspension of the payment of bi-monthly income tax installments for the tourism sector, including hotels, restaurants, travel agencies, etc., and the enterprises under the free zone regime (see Sec. 10.), beginning with the April instalment; and
  • The extension of the deadline for Synthetic Tax payments until 15 June 2020.

Availability of E-Filing

E-Filing is available:

https://entreprises.impots.mg/dconline/