Just Landed
Italy - change
Italy > Just Landed Guide > Money > Income Tax Rates
Topics
Tools

Income Tax Rates

Rates and credits



Italian income tax is levied at the following rates on taxable income:

Taxable Income (€)

Tax Rate (%)

Up to 10,329.14

18

10,329.14 – 15,493.71

24

15,493.71 – 30,987.41

32

30,987.41 – 69,721.68

39

Over 69,721.68

45

In addition to the above state tax, regional tax is payable at between 0.9 and 1.4 per cent, depending on the region, and municipal tax at up to 0.5 per cent.

Credits

Personal allowances are granted in the form of tax credits, which are deducted from the amount of tax to be paid. Since 2002 the credits for employees (known officially as dependent workers), the self-employed (referred to as independent workers) and pensioners have been different. In the case of couples, one spouse’s tax credit may be used to offset tax payable by the other spouse. There’s also a tax credit of €303.68 for the first dependent child under 18 and €336 for subsequent children, if household income is below €51,645.69.


Print









Further Links about Money
Comments from other users
When was this information collected? This other web site, dated March 2008, shows much different tax rates and brackets: http://www.worldwide-tax.com/italy/italy_tax.asp
Pat X., 31 July 2008 Discuss this comment