Italy

(Rates 01/01/2000)

• Income tax: Progressive tax rate from 19 % to 46 %

            taxable income                                                                 tax rate  

                               0 -  15,000,000 ITL                                           19 %

             15,000,001 -   30,000,000 ITL                                          26 %

             30,000,001 -   60,000,000 ITL                                          34 %

             60,000,001 - 135,000,000 ITL                                          40 %

             above 135,000,000 ITL                                                     46 %

              On this calculated tax a local  tax of 0.5 - 1 % will apply

• Corporate income tax: 37 %

         Also a local tax of 4.25 % to 5.40 % will apply.

• Trade tax: none 

• Value added tax:  4/10 % (reduced), 20 % (general)

Social Security contributions:

The amount of social security contributions depends on if the employer is an industrial or trading company, the number of persons employed by this company and the occupation of the employee. The below rates are for staff (industry) and workers (trade) employed by a company having more than 50 employees.

For employee:

Social security contribution: 9.19 %

Ceiling amounts: none

For employer:

Social security contribution: 31.88 %(trade) / 31.86 % (industry)

Ceiling amounts: none