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italy tax calculator

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Gross Income: 30,000.00 EUR / 30,000.00 EUR

Tax Due: 8,331.88 EUR / 8,331.88 EUR

Net income: 21,668.12 EUR / 21,668.12 EUR

Overall Tax Rate: 27.8 %

Figures based upon 1 EUR = 1 EUR.

In Italy, an income of 30,000.00 EUR / 30,000.00 EUR is more than the lowest average advertised salary of 10,200.00 EUR / 10,200.00 EUR and more than the country's average income of 30,000.00 EUR / 30,000.00 EUR.

Why not compare the taxation and buying power of Italy with another country? click here.

Here are how much some common purchases cost in Italy:

Water Bottle (1.5L) : 0.40 EUR / 0.40 EUR (Price in Italy converted to EUR)

Milk Bottle (1L) : 1.12 EUR / 1.12 EUR (Price in Italy converted to EUR)

Pint of Beer : 4.50 EUR / 4.50 EUR (Price in Italy converted to EUR)

Bread (500g) : 1.53 EUR / 1.53 EUR (Price in Italy converted to EUR)

Chicken Breasts (1kg) : 8.20 EUR / 8.20 EUR (Price in Italy converted to EUR)

Petrol UK Gallon : 7.00 EUR / 7.00 EUR (Price in Italy converted to EUR)

Volkswagen Golf or Equivalent : 20,350.00 EUR / 20,350.00 EUR (Price in Italy converted to EUR)

Broadband Internet Monthly : 27.60 EUR / 27.60 EUR (Price in Italy converted to EUR)

Rent One Bedroom Apt. In City (Monthly) : 596.98 EUR / 596.98 EUR (Price in Italy converted to EUR)

Purchase One Bedroom Apt. In City : 118,913.20 EUR / 118,913.20 EUR (Price in Italy converted to EUR)

Part of Europe, Italy covers an area of 294,137 square kilometers.

Italy has a Gross Domestic Product (PPP) of 2,220.58 ($ Billion) from a population of 59,797,978.

Italy uses a progressive tax system called IRPEF (Imposta sul reddito delle persone fisiche) for personal income tax.

For 2024, Italy has reduced the number of tax bands to 3 as part of broader tax reforms.

A progressive tax system spread over 3 tax bands (PIT), however employees are subject to three types of taxes: PIT (National Income Tax), Regional Income Tax and Municipal Income Tax.

Bands are as follows:

Income between 0 EUR and 28,000 EUR - 23%

Income between 28,000 EUR and 50,000 EUR - 35%

Income over 50,000 EUR - 43%

Regional income taxes vary from 0.7% to 3.33%, and Municipal taxes vary from 0.1% to 0.9% - here we will use the average for comparative purposes of 2% for regional and 0.5% for municipal (2024).

Social security contributions are 9.19% of gross income and mandatory but contributions are deducted from gross income before calculating taxes.

Social security contributions are capped to a maximum income of 119,650 EUR for 2024.

Up to 25,000 EUR there is a 7% discount on the 9.19% rate (effective 2.19%)

Up to 35,000 EUR there is a 6% discount on the 9.19% rate (effective 3.19%)

Italy does not have a personal tax-free allowance, but employees can recieve tax credits based on personal circumstances - but we will not include them in this calculation for comparative purposes.

Source: http://www1.agenziaentrate.gov.it/english/revenue_agency/index_revenue.htm

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for Italy. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose EUR as your preferred currency, then the income entered will be converted to Italy's native currency for the calculation so that correct income equivalent is used. The results will then be shown in EUR and your chosen currency.

How we calculate world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!