| Italy | Switzerland | Difference in Switzerland | |
|---|---|---|---|
| Gross Income | 36,144.39 EUR / 30,000.00 GBP | 33,698.97 CHF / 30,000.00 GBP | - 0.00 GBP |
| Tax Due | 10,602.06 EUR / 8,799.76 GBP | 6,639.98 CHF / 5,911.14 GBP | - 2,888.62 GBP |
| Net Income | 25,542.33 EUR / 21,200.24 GBP | 27,058.99 CHF / 24,088.86 GBP | + 2,888.62 GBP |
| Overall Tax Rate | 29.3 % | 19.7 % | - 9.60 %. |
Figures based upon 1 EUR = 0.83000432 GBP.
Figures based upon 1 CHF = 0.89023492 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 Switzerland, an income of 33,698.97 CHF / 30,000.00 GBP is more than the lowest average advertised salary of 33,400.00 CHF / 29,733.85 GBP and less than the country's average income of 96,000.00 CHF / 85,462.55 GBP.
Here are how much some common purchases cost in Italy vs Switzerland:
| Italy | Switzerland | Difference in Switzerland | |
|---|---|---|---|
| Water Bottle (1.5L) | 0.40 EUR / 0.33 GBP | 1.23 CHF / 1.09 GBP | + 0.76 GBP |
| Milk Bottle (1L) | 1.12 EUR / 0.93 GBP | 1.59 CHF / 1.42 GBP | + 0.49 GBP |
| Pint of Beer | 4.50 EUR / 3.74 GBP | 7.00 CHF / 6.23 GBP | + 2.49 GBP |
| Bread (500g) | 1.53 EUR / 1.27 GBP | 2.63 CHF / 2.34 GBP | + 1.07 GBP |
| Chicken Breasts (1kg) | 8.20 EUR / 6.81 GBP | 25.22 CHF / 22.45 GBP | + 15.64 GBP |
| Petrol UK Gallon | 7.00 EUR / 5.81 GBP | 7.36 CHF / 6.55 GBP | + 0.74 GBP |
| Volkswagen Golf or Equivalent | 20,350.00 EUR / 16,890.59 GBP | 24,000.00 CHF / 21,365.64 GBP | + 4,475.05 GBP |
| Broadband Internet Monthly | 27.60 EUR / 22.91 GBP | 59.83 CHF / 53.26 GBP | + 30.35 GBP |
| Rent One Bedroom Apt. In City (Monthly) | 596.98 EUR / 495.50 GBP | 1,398.76 CHF / 1,245.22 GBP | + 749.73 GBP |
| Purchase One Bedroom Apt. In City | 118,913.20 EUR / 98,698.47 GBP | 386,872.15 CHF / 344,407.10 GBP | + 245,708.63 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, Switzerland covers an area of 39,524 square kilometers.
Switzerland has a Gross Domestic Product (PPP) of 494.30 ($ Billion) from a population of 8,454,083.
Three types of taxes are levied - Federal, Cantonal and Municipal with a progressive tax system aside from a few cantons.
Tax bands are as follow:
Below 18300 CHF - 0%
Between 18300 CHF and 32800 CHF - 0.77%.
Between 32800 CHF and 42900 CHF - 0.88%.
Between 42900 CHF and 57200 CHF - 2.64%.
Between 57200 CHF and 75200 CHF - 2.97%.
Between 75200 CHF and 81000 CHF - 5.94%.
Between 81000 CHF and 107400 CHF - 6.6%.
Between 107400 CHF and 139600 CHF - 8.8%.
Between 139600 CHF and 182600 CHF - 11%.
Between 182600 CHF and 783200 CHF - 13.2%.
Above 783200 CHF - 11.5%.
Here we use Zurich at Canton and Municipal level for comparative purposes (City of Zurich with a 1.19% municipal tax factor).
Below 6900 CHF - 0%
Between 6900 CHF and 11800 CHF - 2.38%.
Between 11800 CHF and 16600 CHF - 3.57%.
Between 16600 CHF and 24500 CHF - 4.76%.
Between 24500 CHF and 34100 CHF - 5.95%.
Between 34100 CHF and 45100 CHF - 7.14%.
Between 45100 CHF and 58000 CHF - 8.33%.
Between 58000 CHF and 75400 CHF - 9.52%.
Between 75400 CHF and 109000 CHF - 10.71%.
Between 109000 CHF and 142200 CHF - 11.9%.
Between 142200 CHF and 194900 CHF - 13.09%.
Between 194900 CHF and 263300 CHF - 14.28%.
Above 263300 CHF - 15.47%.
Old Age and Survivors' Insurance (AHV), Disability Insurance (IV), and Income Compensation (EO): 5.3% of gross salary
Unemployment Insurance (ALV): 1.1% of gross salary up to CHF 148,200
Occupational Pension (BVG): Rates vary based on age and salary, typically around 3.5-9% of salary. Here we'll use 6.25%.
Social security contributions are deductible from gross income for tax purposes.
Mandatory health insurance deduction of 1,700 CHF applied and added as a Social contribution in lieu of health contribution.
Commuting costs and work meal costs are deductible. We will use a flat amount of 2,000 CHF.
Source: https://www.estv.admin.ch/estv/en/home.html.
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 Switzerland 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 Switzerland'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.