It's just the numbers. Madagascar doesn't impose withholding tax on dividends, but on interest, if you had a bond issued by a Madagascar company, then the numbers I mentioned would be correct. It would be reduced from 20% down to 10%.
Director General, Tax Legislation Division, Tax Policy Branch, Department of Finance
It's just the numbers. Madagascar doesn't impose withholding tax on dividends, but on interest, if you had a bond issued by a Madagascar company, then the numbers I mentioned would be correct. It would be reduced from 20% down to 10%.
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