Administrative news in madagascar with MDG services

Given the multiple challenges Madagascar faces, such as the construction of hospitals and schools, territorial development, and the uncertainty of Covid-19 (declared a pandemic by the WHO), the government has aimed to adjust fiscal measures to mitigate the negative effects on the economy. In this context, the 2020 Amended...

Bill No. 005/2019 dated October 30, 2019, outlines the Finance Law 2020 applicable to Madagascar. Several sectors will experience development through the changes brought about by this Finance Bill, including the food and industrial sectors. The latter will focus on encouraging companies that bring added value to set up...

In confirmation of the amendments introduced by the 2024 Finance Law for Madagascar, there are several important adjustments to the Tax Procedure Code (TPC) in Madagascar. This article will guide you through everything you need to know. First, it addresses the obligations of taxpayers subject to the Synthetic Tax...

The economic context, including the expansion of tourism activities, is a key factor in revising Madagascar’s Finance Act 2024. The number of tourists visiting the Big Island increased by 98.3% in 2023 compared to 2022. To start with, the main amendments to the Tax Code (CDI) and the Fiscal Procedures...

Are you looking to ensure compliance with the social obligations for companies in Madagascar ? To successfully grow your business and enhance your human capital, it is essential to be aware of these obligations. MDG Services guides you in ensuring your company’s compliance. Minimum Monthly Wage (MMW) When recruiting, you must...

The banking system in Madagascar has gradually evolved over the years to become accessible and nearby. The bank in Madagascar is within reach for everyone, including individuals, professionals, businesses, and investors. Consequently, opening a bank account is mandatory for any taxpayer with a turnover or income exceeding Ar 50,000,000...

Do you need to draft a resolution minutes for your company in Madagascar? Are you looking to understand the necessary formalities and legal implications? MDG Services is here to help you prepare your resolution minutes in Madagascar in compliance with commercial law. The Resolution Minutes in Madagascar According to...

Money transfers to Madagascar : Simplicity and freedom At first glance, you’re probably wondering about the possibility to freely transfer money or conduct transactions with foreign service providers? Be aware that Malagasy law grants you a great deal of freedom in financial matters, including money transfers. However, this freedom comes...