| Italy | Spain | Difference in Spain | |
|---|---|---|---|
| Gross Income | 36,144.39 EUR / 30,000.00 GBP | 36,144.39 EUR / 30,000.00 GBP | - 0.00 GBP |
| Tax Due | 10,602.06 EUR / 8,799.76 GBP | 8,950.44 EUR / 7,428.90 GBP | - 1,370.86 GBP |
| Net Income | 25,542.33 EUR / 21,200.24 GBP | 27,193.95 EUR / 22,571.10 GBP | + 1,370.86 GBP |
| Overall Tax Rate | 29.3 % | 24.8 % | - 4.50 %. |
Figures based upon 1 EUR = 0.83000432 GBP.
Figures based upon 1 EUR = 0.83000432 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 Spain, an income of 36,144.39 EUR / 30,000.00 GBP is more than the lowest average advertised salary of 12,600.00 EUR / 10,458.05 GBP and more than the country's average income of 24,936.00 EUR / 20,696.99 GBP.
Here are how much some common purchases cost in Italy vs Spain:
| Italy | Spain | Difference in Spain | |
|---|---|---|---|
| Water Bottle (1.5L) | 0.40 EUR / 0.33 GBP | 0.57 EUR / 0.47 GBP | + 0.14 GBP |
| Milk Bottle (1L) | 1.12 EUR / 0.93 GBP | 0.77 EUR / 0.64 GBP | - 0.29 GBP |
| Pint of Beer | 4.50 EUR / 3.74 GBP | 2.30 EUR / 1.91 GBP | - 1.83 GBP |
| Bread (500g) | 1.53 EUR / 1.27 GBP | 0.95 EUR / 0.79 GBP | - 0.48 GBP |
| Chicken Breasts (1kg) | 8.20 EUR / 6.81 GBP | 5.79 EUR / 4.81 GBP | - 2.00 GBP |
| Petrol UK Gallon | 7.00 EUR / 5.81 GBP | 5.73 EUR / 4.76 GBP | - 1.06 GBP |
| Volkswagen Golf or Equivalent | 20,350.00 EUR / 16,890.59 GBP | 19,000.00 EUR / 15,770.08 GBP | - 1,120.51 GBP |
| Broadband Internet Monthly | 27.60 EUR / 22.91 GBP | 40.70 EUR / 33.78 GBP | + 10.87 GBP |
| Rent One Bedroom Apt. In City (Monthly) | 596.98 EUR / 495.50 GBP | 627.72 EUR / 521.01 GBP | + 25.51 GBP |
| Purchase One Bedroom Apt. In City | 118,913.20 EUR / 98,698.47 GBP | 99,498.35 EUR / 82,584.06 GBP | - 16,114.41 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 Europe, Spain covers an area of 498,595 square kilometers.
Spain has a Gross Domestic Product (PPP) of 1,689.71 ($ Billion) from a population of 46,070,146.
People in resident and working in Spain are liable to pay PIT (Personal Income Tax). A progressive tax system spread over six tax bands ranging from 19% to 47%.
Tax bands are as follow:
Below 12450 EUR - 19%
Between 12450 EUR and 20200 EUR - 24%.
Between 20200 EUR and 35200 EUR - 30%.
Between 35200 EUR and 60000 EUR - 37%.
Between 60000 EUR and 300000 EUR - 45%.
Above 60000 EUR - 47%.
Personal allowance deduction allowed of 5,550 EUR - this is for individuals under 65 years of age.
Additional allowance deduction of up to 7,302 EUR allowed for employment incomes below 19,747.50 EUR and no other income over 6,500 EUR.
Social contributions are a total of 6.35%, made up of 4.7% for pension and accident plus another 1.5% for unemployment and 0.1% for training. They are deductible from gross income for tax purposes.
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: XE.com (Currency Conversion).
Source: SalaryExplorer.com (Averages from average salaries in major job categories).
Source: Numbeo.com (Cost of living).
This calculator allows you to calculate income taxes and social contributions equivalent for Italy and Spain 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 Spain'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.
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!
Source: https://www.impots.gouv.fr/portail/international
Source: http://www.citizensinformation.ie/en/money_and_tax/tax/income_tax/how_your_tax_is_calculated.html
Source: http://www1.agenziaentrate.gov.it/english/revenue_agency/index_revenue.htm
Source: http://www.impotsdirects.public.lu/fr.html
Source: http://www.agenciatributaria.es/AEAT.internet/en_gb/Inicio.shtml
Source: https://www.estv.admin.ch/estv/en/home.html.
Source: https://www.gov.uk/government/organisations/hm-revenue-customs.
Source: http://www.bundesfinanzministerium.de/Web/EN/Issues/Taxation/taxation.html.
Source: https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance.
Source: http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html
Source: https://www.ato.gov.au.
Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.
Source: https://www.nta.go.jp/foreign_language/.
Source: http://www.chinatax.gov.cn/2013/n2925/.
* calculations are currently based on the 2024 tax rules, rates and allowances for comparable single individuals in each country.