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comparing tax in italy with spain

ItalySpainDifference in Spain
Gross Income 35,038.86 EUR / 30,000.00 GBP 35,038.86 EUR / 30,000.00 GBP - 0.00 GBP
Tax Due 10,791.54 EUR / 9,239.63 GBP 8,214.91 EUR / 7,033.54 GBP - 2,206.09 GBP
Net Income 24,247.32 EUR / 20,760.37 GBP 26,823.95 EUR / 22,966.46 GBP + 2,206.09 GBP
Overall Tax Rate 30.8 % 23.4 % - 7.40 %.

Figures based upon 1 EUR = 0.85619224 GBP.

Figures based upon 1 EUR = 0.85619224 GBP.

In Italy, an income of 35,038.86 EUR / 30,000.00 GBP is more than the lowest average advertised salary of 10,200.00 EUR / 8,733.16 GBP and more than the country's average income of 30,000.00 EUR / 25,685.77 GBP.

In Spain, an income of 35,038.86 EUR / 30,000.00 GBP is more than the lowest average advertised salary of 12,600.00 EUR / 10,788.02 GBP and more than the country's average income of 24,936.00 EUR / 21,350.01 GBP.

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

ItalySpainDifference in Spain
Water Bottle (1.5L) 0.40 EUR / 0.34 GBP 0.57 EUR / 0.49 GBP + 0.15 GBP
Milk Bottle (1L) 1.12 EUR / 0.96 GBP 0.77 EUR / 0.66 GBP - 0.30 GBP
Pint of Beer 4.50 EUR / 3.85 GBP 2.30 EUR / 1.97 GBP - 1.88 GBP
Bread (500g) 1.53 EUR / 1.31 GBP 0.95 EUR / 0.81 GBP - 0.50 GBP
Chicken Breasts (1kg) 8.20 EUR / 7.02 GBP 5.79 EUR / 4.96 GBP - 2.06 GBP
Petrol UK Gallon 7.00 EUR / 5.99 GBP 5.73 EUR / 4.91 GBP - 1.09 GBP
Volkswagen Golf or Equivalent 20,350.00 EUR / 17,423.51 GBP 19,000.00 EUR / 16,267.65 GBP - 1,155.86 GBP
Broadband Internet Monthly 27.60 EUR / 23.63 GBP 40.70 EUR / 34.85 GBP + 11.22 GBP
Rent One Bedroom Apt. In City (Monthly) 596.98 EUR / 511.13 GBP 627.72 EUR / 537.45 GBP + 26.32 GBP
Purchase One Bedroom Apt. In City 118,913.20 EUR / 101,812.56 GBP 99,498.35 EUR / 85,189.72 GBP - 16,622.84 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.

A progressive tax system spread over 5 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 15,000 EURO - 23%

Income between 15,000 EUR and 28,000 EURO - 27%

Income between 28,000 EUR and 55,000 EURO - 38%

Income between 55,000 EUR and 75,000 EURO - 41%

Income over 75,000 EURO - 43%

Regional income taxes vary from 0.7% to 3.33% and Municipal taxes vary from 0% to 0.9% - here we will use the average for comparative purposes. (2018).

Social security contributions are 9.19% of gross income and mandatory but contributions are deducted from gross income before calculating taxes. Over 46,630 EUR (capped at 101,427 EUR) there is an additional 1% social security deduction.

There is no personal allowance, but instead a tax credit is subtracted from the tax bill and varies according to income amount:

Income up to 8,000 EUR receives 1,880 EUR tax credit.

Income between 8,000 EUR and 28,000 EUR receives 1,880 EUR tax credit. Reducing as income increases within the band.

Income between 28,000 EUR and 55,000 EUR receives 978 EUR tax credit. Reducing as income increases within the band.

Income above 55,000 EUR receives ZERO tax credit.

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 five tax bands ranging from 19% to 45%.

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%.

Above 60000 EUR - 45%.

Personal allowance deduction allowed of 5,550 EUR

Other expenses deduction allowed of 2,000 EUR

Additional allowance deduction of up to 3,700 EUR allowed for incomes below 14,450 EUR

Social contributions are 6.35% for employees plus another 1% for accidents (office work) but varies. 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).

Help

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.

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:

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!

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