The Corporate Tax Rate in Italy stands at 24 percent. This dataset provides the latest reported value for - Italy Corporate Tax Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This dataset provides values for CORPORATE TAX RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Italy: Corporate tax rate: The latest value from is percent, unavailable from percent in . In comparison, the world average is 0 percent, based on data from countries. Historically, the average for Italy from to is 30 percent. The minimum value, 24 percent, was reached in 2017 while the maximum of 37.25 percent was recorded in 2006.

The statistic shows the tax on corporate profits as share of the GDP from 2009 to 2017 in Italy. According to data, the corporate tax in 2017 amounted at *** percent of the GDP.

Italy IT: Total Tax Rate: % of Profit data was reported at 48.000 % in 2017. This records a decrease from the previous number of 62.000 % for 2016. Italy IT: Total Tax Rate: % of Profit data is updated yearly, averaging 67.600 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 76.700 % in 2005 and a record low of 48.000 % in 2017. Italy IT: Total Tax Rate: % of Profit data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank: Company Statistics. Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

Portugal had the highest combined corporate income tax rate in 2023, reaching 31.5 percent, and was followed by Germany with a rate of 29.94 percent. On the other hand, Hungary had the lowest combined corporate income tax rate, reaching just nine percent in 2023.

Italy IT: Time to Prepare and Pay Taxes data was reported at 238.000 Hour in 2017. This records a decrease from the previous number of 240.000 Hour for 2016. Italy IT: Time to Prepare and Pay Taxes data is updated yearly, averaging 285.000 Hour from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 340.000 Hour in 2007 and a record low of 238.000 Hour in 2017. Italy IT: Time to Prepare and Pay Taxes data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank: Company Statistics. Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

Key information about Italy Tax Revenue

• Italy Tax Revenue was reported at 169.505 USD bn in Sep 2024.
• This records an increase from the previous figure of 167.190 USD bn for Jun 2024.
• Italy Tax Revenue data is updated quarterly, averaging 137.228 USD bn from Mar 1999 to Sep 2024, with 103 observations.
• The data reached an all-time high of 220.752 USD bn in Dec 2013 and a record low of 66.313 USD bn in Mar 2002.
• Italy Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Quarterly.

CEIC calculates quarterly Tax Revenue as the sum of Direct Taxes, Indirect Taxes and Capital Taxes and converts it into USD. Italian National Institute of Statistics provides Tax Revenue in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.

The personal income tax rate in Italy was forecast to remain on a similar level in 2029 as compared to 2024 with 47 percent. According to this forecast, the rate will stay nearly the same over the forecast period. The shown rate refers to the nominal top marginal tax rate. Depending on income the actual rate usually varies individually.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the personal income tax rate in countries like Malta and Greece.

Italy IT: Tax Payments data was reported at 14.000 Number in 2017. This stayed constant from the previous number of 14.000 Number for 2016. Italy IT: Tax Payments data is updated yearly, averaging 14.000 Number from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 14.000 Number in 2017 and a record low of 13.000 Number in 2014. Italy IT: Tax Payments data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank: Company Statistics. Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

Italy IT: Labour Tax and Contributions: % of Commercial Profits data was reported at 23.200 % in 2017. This records a decrease from the previous number of 43.400 % for 2016. Italy IT: Labour Tax and Contributions: % of Commercial Profits data is updated yearly, averaging 43.400 % from Dec 2005 (Median) to 2017, with 13 observations. The data reached an all-time high of 45.100 % in 2005 and a record low of 23.200 % in 2017. Italy IT: Labour Tax and Contributions: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank.WDI: Business Environment. Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

Key information about Italy Tax revenue: % of GDP

• Italy Tax revenue: % of GDP was reported at 28.3 % in Sep 2024.
• This records a decrease from the previous number of 28.7 % for Jun 2024.
• Italy Tax revenue: % of GDP data is updated quarterly, averaging 27.9 % from Mar 1999 to Sep 2024, with 103 observations.
• The data reached an all-time high of 38.5 % in Dec 2012 and a record low of 21.7 % in Mar 2010.
• Italy Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from quarterly Tax Revenue and quarterly Nominal GDP. Tax Revenue is calculated as the sum of Direct Taxes, Indirect Taxes and Capital Taxes. Italian National Institute of Statistics provides Tax Revenue in EUR and Nominal GDP in EUR.

Machine-readable royalty withholding-tax rate between Italy and Denmark. Part of Project Black Ledger’s dataset covering 2400 treaty provisions.

Machine-readable interest withholding-tax rate between Italy and Spain. Part of Project Black Ledger’s dataset covering 2400 treaty provisions.

Forecast: Implied Tax Subsidy Rates on R&D Expenditures for Profitable Large Firms in Italy 2024 - 2028 Discover more data with ReportLinker!

IT: Number of Visits or Required Meetings with Tax Officials: Average for Affected Firms data was reported at 1.300 NA in 2019. IT: Number of Visits or Required Meetings with Tax Officials: Average for Affected Firms data is updated yearly, averaging 1.300 NA from Dec 2019 (Median) to 2019, with 1 observations. The data reached an all-time high of 1.300 NA in 2019 and a record low of 1.300 NA in 2019. IT: Number of Visits or Required Meetings with Tax Officials: Average for Affected Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank.WDI: Company Statistics. Average number of visits or required meetings with tax officials during the year. The value represents the average number of visits for all firms which reported being visited or required to meet with tax officials (please see indicator IC.FRM.METG.ZS).;World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).;Unweighted average;

Europe’s Accounting and Auditing industry is well-established, with leading nations like the UK and Germany generating significant revenue, partly because London and Frankfurt are major global financial hubs. Growing enterprise numbers and employment rates have expanded the potential client pool for accounting and auditing firms. Despite the industry providing both procyclical and countercyclical services, volatile economic conditions have caused some operational disruption, though revenue has remained fairly resilient. Revenue is expected to inch upward at a compound annual rate of 0.4% over the five years through 2025 to €235 billion, including a forecast hike of 0.6% in 2025. Audit failings and poor service quality have led to enhanced regulations – most notably the introduction of the EU Audit Reform in 2016, aimed at enhancing standards and promoting competition. The reform forces large companies to change auditors every 20 years, diversifying the market by pushing more companies to use firms other than the Big Four. The industry has also come up against challenges from economic headwinds, including the COVID-19 pandemic, inflationary pressures and geopolitical tensions, which have sustained economic uncertainty and subdued business spending and deal-making activity. The industry has been subject to intense consolidation activity, particularly in the UK, where private equity influx has driven acquisitions. Strong competition and higher operational costs have forced firms to raise fees to protect revenue and profitability. Improving economic conditions will bolster business sentiment and investment and drive up M&A activity, fuelling demand for accounting, audit and tax consulting services. Revenue is forecast to expand at a compound annual rate of 4.4% over the five years through 2030 to €291.8 billion. Heightened business investment and M&A activity amid anticipated improvement in economic conditions, alongside a rising number of enterprises in Europe and solid employment rates, will fuel demand for accounting, audit and tax consulting services. Companies will also have to navigate mounting digitalisation, with AI and automated solutions helping to reduce costs and free up time for the provision of value-added services, but at the same time, advanced software enabling small businesses and individuals to carry out their own accounting and tax tasks, eating away at demand. The evolving regulatory environment for businesses, including sustainability reporting and tax reforms, will boost demand and create strong revenue stream opportunities for auditing and tax consulting firms. These specialised services also stand to support profit as more complex audits and regulations will drive firms to hike their fees.

The countries which have the largest services trade surpluses within the European Union are Ireland,Spain, and Luxembourg as of 2023. The two largest exporters of services, Ireland and Luxembourg, are some of the smallest EU member states, with around five million and half a million residents respectively. Why these small countries have such large trade surpluses is explained by the locating of several large multinational service companies within their borders, often to take advantage of their low corporation tax rates. Germany, Italy, and Sweden, on the other hand, are the big importers of services in the EU.

Forecast: Implied Tax Subsidy Rates on R&D Expenditures for Loss-Making SMEs in Italy 2024 - 2028 Discover more data with ReportLinker!

Italy IT: Firms Visited or Required Meetings with Tax Officials: % of Firms data was reported at 9.400 % in 2019. Italy IT: Firms Visited or Required Meetings with Tax Officials: % of Firms data is updated yearly, averaging 9.400 % from Dec 2019 (Median) to 2019, with 1 observations. The data reached an all-time high of 9.400 % in 2019 and a record low of 9.400 % in 2019. Italy IT: Firms Visited or Required Meetings with Tax Officials: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Italy – Table IT.World Bank.WDI: Company Statistics. Percent of firms that were visited or required to meet with tax officials.;World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).;Unweighted average;