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Madagascar exceeds customs revenue targets: a positive economic trend

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In 2024, Madagascar achieved a customs revenue collection rate of 101%, surpassing the targets set in the Finance Act. According to a report by the General Directorate of Taxes published on January 15, 2025, customs revenues reached 3,793.2 billion ariary, exceeding the initial forecast of 3,768 billion ariary.

Key sectors: non-petroleum products lead the way

This performance was mainly driven by revenues from non-petroleum products, which recorded a collection rate of 104%, amounting to 2,733 billion ariary. In contrast, petroleum products achieved a collection rate of 92%, generating 1,060 billion ariary, representing a 1% decline compared to 2023.

Strategic measures to enhance performance

To sustain this momentum, Madagascar’s Customs Administration has implemented several strategic initiatives:

  • Digitization of Customs Procedures: Introducing a specific module to streamline the granting of exemption regimes and strengthen control over fiscal expenditures.
  • Strengthened Monitoring of Free Zones: Increased oversight to ensure compliance and maximize revenue.
  • Customs Code Amendments: Enacting changes to regulate Special Economic Zones, harmonize public entity tariff and non-tariff measures, and require importers to provide accurate customs value declarations, with penalties for non-compliance.

Ambitious goals for 2025

For 2025, Madagascar aims to generate more than 4,366 billion ariary (approximately 900 million USD) in fiscal revenues, marking a significant increase. Non-petroleum product imports are expected to account for 72% of this revenue, while petroleum products will contribute 28%.

A commitment to sustainable development

These results and projections align with a broader strategy to strengthen the national economy and support sustainable development. The modernization of customs tools and enhanced monitoring positions Madagascar as a more competitive and efficient economic player in the East African region.

Through optimized customs revenue management and structural reforms, Madagascar demonstrates a clear commitment to strengthening its fiscal foundation and bolstering its economy. These efforts will help attract investment and create a more robust economic environment in the years ahead.