MADEINMADA, T/A Payroll Services Madagascar
We are #payrollexpert
We offer payroll services to Companies and Ngos worldwide having staffs working in Madagascar
We partner with global payroll providers and deliver local complete payroll management
We are :
- Compliant
- On-time
- Accurate
From small to large operations, local or expatriate employees, short or long term assignments, we adapt ourselves to your need, we set the proper ressources and manage the #payroll and the #HR with proficiency
Services
The team aims to ensure 100% compliance with local laws and legislations and keep each and every partner updated for any changes. Our Services listed below are real Solutions to companies and ngos for their mid or long term projects in Madagascar
Payroll Services Madagascar
Process Payroll Calculations, payroll tax statements, Monthly, Quarterely, Yearly taxes, Employee and Employer contributions, handling of deposits and withdrawals for your employees, Expenses reimbursment, Insurance handling, reporting
Employer of Record (EOR)
PSM is the legal employer of your workers and handle all aspects of compliance from the onboarding to the termination. Handling the employment contract. Processing payroll. Filing employer social contributions. Filing employee taxes
Professional Employer Organization (PEO)
As a co-employer PSM provides real engagement for your business. Our PEO services will allow you to outsource important HR functions. We take some important responsibilities and add real value to your business and activities in order to enhance your bottom line
Employee and Contractor Recruitment
Short-term, mid-term, long-term assignment? Hire an employee or a contractor? Let us help you with quicker hiring and onboarding. We source, we screen, we interview. We handle the short-listing process and you decide the right people for your organization
Payroll Elements
Get to know more about payroll componemts and labour code in Madagascar...
IRSA - Tax on Salary - Income Tax
Impôt sur le Revenu Salarial, withhold and paid by the employer
CNAPS - Caisse Nationale de Prévoyance Sociale
Family benefits, Work accidents and occupational diseases, Retirement
FMFP - Training Contributions
Fonds Malgache de Formation Professionnelle
OSTIE - Employee Health Coverage
Organisation Sanitaire Inter-entreprise d'Antananarivo
FUNHECE - Service Médical Inter Entreprise
Employee Health Coverage, Funds Health Center, FUNRECO Group
Exchange rates - Banky Foibe (Central Bank)
Currency daily Exchange Rates - EUR/USD/GBP to MGA Salary payment
Monthly Payslip delivery to employees -
Signed proof of salary payment - Payment note
Employee Health Insurance Coverage
Employee benefits - Health coverage for employees and families
Expenses Reimbursment - Overheads Management
Employees prepaid expenses coverred by the company
Compensation and Severance Payment
because of a layoff, dismissal or retirement
Madagascar Holidays 2024
12 days of holidays
Entrust us with a mission
We do it simple, friendly and smart! the way we build long-term win-win partnership with you
Testimonials
They entrust us with missions and are satisfied!
We are in good hands with PSM. The team gives more than expected for us with its entire focus to all our needs. PSM makes the outsourcing project in madagascar a real success
Luke Money
Healthways
Setting up a commercial team in a country needs definitely the help of a local provider in order to ease the process. We are Thankfull to the team for their continuous support
Esther Wagura
Delight Design
We support NGOs worldwide. The HR and Payroll is a keypoint to all projects. We have Mirana Salam of PSM to keep us updated with all changes in the labor laws in Madagascar
Amber Morris
Immedis
We always refer to PSM for our setup of outsourced project in Madagascar and especially for the recruitment process, communication channel and administration representation
Nick Maina
Independant Consultant
We outsource 90% of our activities. HR, Sales and Customer Services, Finance. We rely on PSM Services since 2019. We have net increase of numbers and indicators every year
John Larson
Entrepreneur
Frequently Asked Questions
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What is the minimum salary in Madagascar?
Applicable from March 1, 2024, the minimum salary in Madagascar is 262,680 MGA per month
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What is the payroll frequency in Madagascar?
For workers/employees on monthly basis, the payroll is once a month with optional mid-month advance
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In which currency the salaries and wages are paid in Madagascar?
Salaries and wages should be paid in Ariary (MGA - Malagasy Ariary) and to a local bank account
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What is the tax rate applicable in Madagascar for the salary income?
For the installment above 600,000 Ar, the tax rate is 20%. For installment 500,000 Ar - 600,000 Ar, 15%. For the installment 400,000 Ar - 500,000 Ar, 10%. For the installment 350,000 Ar - 400,000 Ar, 5%. For the installment 0 Ar - 350,000 Ar, 0%.
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What are the social contributions in Madagascar?
for the calculation of social charges, the salary is capped at 8 times the minimum salary
CNAPS retirement: salary share: 1% of gross salary - employer's share: 13% of gross salary
OSTIE Health: salary share: 1% of gross salary - employer's share: 5% of gross salary
FMFP professional training: salary share: 0% of gross salary - employer's share: 1% of gross salary -
What are common employees advantage in Madagascar ?
Companies offer mainly health insurance to the employee and his family members and 13th month salary
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What are the basic holidays in Madagascar?
01 January - New Year's Day, 29 March - Martyrs' Day, Easter Monday, Eid al-Fitr, 01 May - Labour Day, Ascension Day, Whit Monday, 26 June - Independence Day, Eid al-Adha, 15 August - Assumption of Mary, 01 November - All Saints' Day, 25 December - Christmas Day. (12 days)