Country A
Italy
Top income tax: 43%
Corporate: 24%
VAT: 22% · CGT: 26%
VS
Country B
Greece
Top income tax: 44%
Corporate: 22%
VAT: 24% · CGT: 15%
Full Tax Rate Comparison
| Tax Type | Italy | Greece | Lower Rate |
|---|---|---|---|
| Top Income Tax | 43% | 44% | Italy |
| Bottom Income Tax | 23% | 9% | Greece |
| Corporate Tax | 24% | 22% | Greece |
| VAT / GST | 22% | 24% | Italy |
| Capital Gains Tax | 26% | 15% | Greece |
| Social Security (Emp) | 9.5% | 13.9% | Italy |
| Dividend Tax | 26% | 5% | Greece |
| Tax Treaties | 96 | 57 | Italy |
Take-Home Pay Estimate
Illustration — €100,000 gross annual income
Italy Take-Home
€62,560
Greece Take-Home
€57,530
Annual Difference
+€5,030
Verdict
Overall Tax Burden
Near-identical overall tax burden
Both Italy and Greece have comparable overall tax burdens. Top income tax: 43% (Italy) vs 44% (Greece). Corporate: 24% vs 22%. The choice should be driven by residency conditions, treaty access, and lifestyle.
Tax System: Territorial vs Worldwide
| Factor | Italy | Greece |
|---|---|---|
| Territorial Taxation | No | No |
| Digital Nomad Visa | Yes | Yes |
| Wealth Tax | No | No |
| CFC Rules | Yes | Yes |
Special Regimes Available
| Country | Regime | Rate / Benefit | Duration |
|---|---|---|---|
| Greece | €100k Lump Sum | €100,000/year | 15 years |
Frequently Asked Questions
Which country has lower taxes: Italy or Greece?
Italy has a top income tax rate of 43% and corporate tax of 24%. Greece has 44% and 22% respectively. On €100k gross, estimated take-home is €62,560 in Italy vs €57,530 in Greece. Actual liability varies with deductions, residency rules, and individual circumstances.
Is Italy or Greece better for expats and digital nomads?
Italy uses a worldwide tax system. Greece uses a worldwide tax system and offers the €100k Lump Sum (€100,000/year, 15 years). The best choice depends on income type, desired residency duration, and lifestyle preferences.
What is the corporate tax difference between Italy and Greece?
The statutory corporate tax rate is 24% in Italy and 22% in Greece. Effective rates can differ significantly due to deductions, loss carry-forwards, and R&D credits. Both countries may offer reduced rates or special regimes for SMEs or qualifying businesses.
Disclaimer: Rates shown are statutory rates for 2026. Effective rates vary with deductions and individual circumstances. Not tax advice.