Italy | United Arab Emirates | Difference in United Arab Emirates | |
---|---|---|---|
Gross Income | 36,144.39 EUR / 30,000.00 GBP | 138,471.81 AED / 30,000.00 GBP | - 0.00 GBP |
Tax Due | 10,602.06 EUR / 8,799.76 GBP | 24,232.57 AED / 5,250.00 GBP | - 3,549.76 GBP |
Net Income | 25,542.33 EUR / 21,200.24 GBP | 114,239.24 AED / 24,750.00 GBP | + 3,549.76 GBP |
Overall Tax Rate | 29.3 % | 17.5 % | - 11.80 %. |
Figures based upon 1 EUR = 0.83000432 GBP.
Figures based upon 1 AED = 0.21665059 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 United Arab Emirates, an income of 138,471.81 AED / 30,000.00 GBP is more than the lowest average advertised salary of 14,400.00 AED / 3,119.77 GBP and less than the country's average income of 160,489.00 AED / 34,770.04 GBP.
Here are how much some common purchases cost in Italy vs United Arab Emirates:
Italy | United Arab Emirates | Difference in United Arab Emirates | |
---|---|---|---|
Water Bottle (1.5L) | 0.40 EUR / 0.33 GBP | 1.75 AED / 0.38 GBP | + 0.05 GBP |
Milk Bottle (1L) | 1.12 EUR / 0.93 GBP | 5.42 AED / 1.17 GBP | + 0.24 GBP |
Pint of Beer | 4.50 EUR / 3.74 GBP | 40.00 AED / 8.67 GBP | + 4.93 GBP |
Bread (500g) | 1.53 EUR / 1.27 GBP | 3.70 AED / 0.80 GBP | - 0.47 GBP |
Chicken Breasts (1kg) | 8.20 EUR / 6.81 GBP | 23.02 AED / 4.99 GBP | - 1.82 GBP |
Petrol UK Gallon | 7.00 EUR / 5.81 GBP | 10.32 AED / 2.24 GBP | - 3.57 GBP |
Volkswagen Golf or Equivalent | 20,350.00 EUR / 16,890.59 GBP | 80,000.00 AED / 17,332.05 GBP | + 441.46 GBP |
Broadband Internet Monthly | 27.60 EUR / 22.91 GBP | 360.34 AED / 78.07 GBP | + 55.16 GBP |
Rent One Bedroom Apt. In City (Monthly) | 596.98 EUR / 495.50 GBP | 5,016.73 AED / 1,086.88 GBP | + 591.38 GBP |
Purchase One Bedroom Apt. In City | 118,913.20 EUR / 98,698.47 GBP | 311,846.85 AED / 67,561.80 GBP | - 31,136.66 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, United Arab Emirates covers an area of 106,574 square kilometers.
United Arab Emirates has a Gross Domestic Product (PPP) of 667.21 ($ Billion) from a population of 83,609.
There is no personal income tax legislation.
United Arab Emirates nationals or GCC nationals are required to make social security contributions however.
For UAE national employees, the contribution rate is 17.5% of gross remuneration.
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 United Arab Emirates 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 United Arab Emirates'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.