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Italy

Italy Government Stats

Definitions

STAT AMOUNT DATE RANK HISTORY
Finance minister Pier Carlo Padoan 2014
Revenue > Tax > Corporate tax 31.4% 2014 3rd out of 29
Revenue > Tax > Income tax 30.8% 2010 7th out of 28
Revenue > Tax > Maximum Income tax rate 45% 2014 11th out of 29
Revenue > Tax > Maximum tax rate for individuals 23% 2014 3rd out of 44
Revenue > Tax > Sales tax, VAT or GST 22% 2014 4th out of 21
Revenue > Tax > Sales tax, VAT or GST (reduced rate) 10% (hotels, bars, restaurants and other tourism products, certain foodstuffs, plant protection products and special works of building restoration) or 4% (e.g. grocery staples, daily or periodical press and books, works for the elimination of architectural barriers, some kinds of seeds, fertilizers) 2014
Revenue > Tax > Taxes foreign income of nonresident citizens no* 2014
Revenue > Tax > Taxes foreign income of resident foreigners yes 2014
Revenue > Tax > Taxes local income of nonresident individuals yes 2014
Revenue > Tax > Taxes local income of resident citizens yes 2014
Revenue > Tax > Taxes local income of resident foreigners yes 2014
Revenue > Tax revenue as percentage of GDP 42.5 2013 7th out of 29
Sovereign wealth funds > Assets 6 billion USD 2014 32nd out of 47
Sovereign wealth funds > Origin Non-commodity 2014

Citation

Did you know

Italy Economy > Government Profiles (Subcategories)

Revenue 13
  • Italy ranked first for total businesses registered > number amongst European Union in 2003.

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