Customs Law And General Tax Law Of Madagascar (2021)

The Ministry of economy and finance of Madagascar recently announced the 2021 code des DOUANES and code G é n é ral des Imp ô According to the fiscal act of 2021 published at the beginning of the year, the two codes adjust the relevant contents of tariff and general tax.

In order to further support the development of local industrialization, promote economic recovery, and promote the prevention and control of new crown pneumonia, the VAT rate of canned gas and locally produced spaghetti will be reduced to 5% in 2021; Local flour, edible oil and other daily necessities are exempt from VAT; The import and sales of wheat are exempt from VAT; Medical materials, equipment, consumables, iodine and fluorine products import and sales links are exempt from VAT.

According to the division of labor, the General Administration of customs and the State Administration of Taxation of the Ministry of economy and finance of Malaysia respectively updated the annual tax rules according to the annual finance act and the amendment to the financial law.