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comparing tax in italy with china

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	Italy	China	Difference in China
Gross Income	36,144.39 EUR / 30,000.00 GBP	275,070.72 CNY / 30,000.00 GBP	- 0.00 GBP
Tax Due	10,602.06 EUR / 8,799.76 GBP	78,106.59 CNY / 8,518.53 GBP	- 281.23 GBP
Net Income	25,542.33 EUR / 21,200.24 GBP	196,964.13 CNY / 21,481.47 GBP	+ 281.23 GBP
Overall Tax Rate	29.3 %	28.4 %	- 0.90 %.

Figures based upon 1 EUR = 0.83000432 GBP.

Figures based upon 1 CNY = 0.10906286 GBP.

In Italy, an income of 36,144.39 EUR / 30,000.00 GBP is more than the lowest average advertised salary of 10,200.00 EUR / 8,466.04 GBP and more than the country's average income of 30,000.00 EUR / 24,900.13 GBP.

In China, an income of 275,070.72 CNY / 30,000.00 GBP is more than the lowest average advertised salary of 66,000.00 CNY / 7,198.15 GBP and more than the country's average income of 240,000.00 CNY / 26,175.09 GBP.

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

	Italy	China	Difference in China
Water Bottle (1.5L)	0.40 EUR / 0.33 GBP	3.92 CNY / 0.43 GBP	+ 0.10 GBP
Milk Bottle (1L)	1.12 EUR / 0.93 GBP	12.67 CNY / 1.38 GBP	+ 0.45 GBP
Pint of Beer	4.50 EUR / 3.74 GBP	6.00 CNY / 0.65 GBP	- 3.09 GBP
Bread (500g)	1.53 EUR / 1.27 GBP	10.74 CNY / 1.17 GBP	- 0.10 GBP
Chicken Breasts (1kg)	8.20 EUR / 6.81 GBP	25.22 CNY / 2.75 GBP	- 4.06 GBP
Petrol UK Gallon	7.00 EUR / 5.81 GBP	32.22 CNY / 3.51 GBP	- 2.30 GBP
Volkswagen Golf or Equivalent	20,350.00 EUR / 16,890.59 GBP	140,000.00 CNY / 15,268.80 GBP	- 1,621.79 GBP
Broadband Internet Monthly	27.60 EUR / 22.91 GBP	100.18 CNY / 10.93 GBP	- 11.98 GBP
Rent One Bedroom Apt. In City (Monthly)	596.98 EUR / 495.50 GBP	3,582.47 CNY / 390.71 GBP	- 104.79 GBP
Purchase One Bedroom Apt. In City	118,913.20 EUR / 98,698.47 GBP	1,671,389.30 CNY / 182,286.50 GBP	+ 83,588.03 GBP

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).

Part of Asia, China covers an area of 9,386,293 square kilometers.

China has a Gross Domestic Product (PPP) of 21,269.02 ($ Billion) from a population of 1,388,232,693.

A progressive tax system spread over 7 bands - ranging from 3% to 45%.

Tax bands are as follow:

Below 36000 CNY - 3%

Between 36000 CNY and 144000 CNY - 10%.

Between 144000 CNY and 300000 CNY - 20%.

Between 300000 CNY and 420000 CNY - 25%.

Between 420000 CNY and 660000 CNY - 30%.

Between 660000 CNY and 960000 CNY - 35%.

Above 960000 CNY - 45%.

A standard deduction (personal allowance) is available of 42,000 CNY.

Social security contributions in Beijing are 22% of gross income, capped at 406,692 CNY. They are tax deductible.

Source: http://www.chinatax.gov.cn/2013/n2925/.

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 and China 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 Italy's and China'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:

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