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comparing tax in ireland with italy

IrelandItalyDifference in Italy
Gross Income 35,886.06 EUR / 30,000.00 GBP 35,886.06 EUR / 30,000.00 GBP - 0.00 GBP
Tax Due 5,982.21 EUR / 5,001.00 GBP 10,490.35 EUR / 8,769.71 GBP + 3,768.71 GBP
Net Income 29,903.85 EUR / 24,999.00 GBP 25,395.71 EUR / 21,230.29 GBP - 3,768.71 GBP
Overall Tax Rate 16.7 % 29.2 % + 12.50 %.

Figures based upon 1 EUR = 0.83597921 GBP.

Figures based upon 1 EUR = 0.83597921 GBP.

In Ireland, an income of 35,886.06 EUR / 30,000.00 GBP is more than the lowest average advertised salary of 12,000.00 EUR / 10,031.75 GBP and less than the country's average income of 38,200.00 EUR / 31,934.41 GBP.

In Italy, an income of 35,886.06 EUR / 30,000.00 GBP is more than the lowest average advertised salary of 10,200.00 EUR / 8,526.99 GBP and more than the country's average income of 30,000.00 EUR / 25,079.38 GBP.

Here are how much some common purchases cost in Ireland vs Italy:

IrelandItalyDifference in Italy
Water Bottle (1.5L) 1.44 EUR / 1.20 GBP 0.40 EUR / 0.33 GBP - 0.87 GBP
Milk Bottle (1L) 1.05 EUR / 0.88 GBP 1.12 EUR / 0.94 GBP + 0.06 GBP
Pint of Beer 5.00 EUR / 4.18 GBP 4.50 EUR / 3.76 GBP - 0.42 GBP
Bread (500g) 1.54 EUR / 1.29 GBP 1.53 EUR / 1.28 GBP - 0.01 GBP
Chicken Breasts (1kg) 8.44 EUR / 7.06 GBP 8.20 EUR / 6.86 GBP - 0.20 GBP
Petrol UK Gallon 6.45 EUR / 5.39 GBP 7.00 EUR / 5.85 GBP + 0.45 GBP
Volkswagen Golf or Equivalent 25,000.00 EUR / 20,899.48 GBP 20,350.00 EUR / 17,012.18 GBP - 3,887.30 GBP
Broadband Internet Monthly 51.73 EUR / 43.25 GBP 27.60 EUR / 23.07 GBP - 20.18 GBP
Rent One Bedroom Apt. In City (Monthly) 1,205.57 EUR / 1,007.83 GBP 596.98 EUR / 499.06 GBP - 508.77 GBP
Purchase One Bedroom Apt. In City 186,289.95 EUR / 155,734.53 GBP 118,913.20 EUR / 99,408.96 GBP - 56,325.56 GBP

Part of Europe, Ireland covers an area of 68,928 square kilometers.

Ireland has a Gross Domestic Product (PPP) of 324.30 ($ Billion) from a population of 4,749,153.

A progressive tax system split into 2 bands (20% and 40%).

Everything earned after the standard-rate cut off (42,000 EUR in 2024) is charged the higher rate of tax (40% in 2024).

All taxpayers receive a personal tax credit of 1,875 EUR (2024) to be deducted from the tax bill.

A Universal Social Charge (USC) is also levied on gross income and is made up of 4 bands in general.

Up to 12,012 EUR - 0.5%.

Between 12,012 EUR and 25,760 EUR - 2.0%.

Between 25,760 EUR and 70,044 EUR - 4.0%.

Above 70,044 EUR - 8%.

People earning below 13,000 EUR do not have to pay the USC.

PRSI (Pay related Social Insurance) of 4% is also deducted from gross income over 18,304 EUR.

Source: http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/how_your_tax_is_calculated.html

Source: XE.com (Currency Conversion).

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

Source: Numbeo.com (Cost of living).

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 Ireland and Italy and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to Ireland's and Italy's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare 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!

Compare tax using these examples:

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!

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