Madeira or Togo: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Madeira and Togo weigh about the same on the taxpayer.

Togo

4.3/10

153rd of 217

Tax Madeira Togo Gap
Corporate income tax headline rate 14.7% 27% −12.3 points
Personal income tax top bracket 0% to 45.1% 0% to 35% +10.1 points
VAT standard rate 22% 18% +4.0 points

Detailed schedules

Corporate income tax

Madeira

General regional regime 14.7%
SMEs: first €50,000 profit 11.9%
Madeira International Business Centre guaranteed until 31 December 2033 5%

Togo

Companies Article 113 of the general tax code 27%

Personal income tax

Madeira

n/a

Togo

Up to 900,000 FCFA Annual scale of article 74 0%
900,001 to 3,000,000 FCFA 3%
3,000,001 to 6,000,000 FCFA 10%
6,000,001 to 9,000,000 FCFA 15%
9,000,001 to 12,000,000 FCFA 20%
12,000,001 to 15,000,000 FCFA 25%
15,000,001 to 20,000,000 FCFA 30%
Over 20,000,000 FCFA 35%
See the Madeira page See the Togo page