AM · AsiaIT · Europe
Armenia vs Italy: tax rates compared
Italy's income tax rate is 27.2pp higher than Armenia's (47.2% vs 20%). The 200-country average is 28%: Armenia sits below it, Italy sits above it. Armenia's figure is dated 2023-01-01 and Italy's 2025-01-01, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | AM | IT | Difference |
|---|---|---|---|
| Income Tax | 20% | 47.2% | IT +27.2 pp |
| Corporate Tax | 18% | 27.8% | IT +9.8 pp |
| VAT | 20% | 22% | IT +2 pp |
| Capital Gains Tax | 0% | 26% | IT +26 pp |
| Crypto Tax | 0% | 33% | IT +33 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 20% | Source: EY Worldwide Personal Tax and Immigration Guide (March 2026) — Armenia · as of 2023-01-01 |
| Italy | 47.2% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −27.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 18% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Italy | 27.8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −9.8 pp | Italy higher |
Italy's corporate tax rate is 9.8pp higher than Armenia's (27.8% vs 18%). The 201-country average is 22.6%: Armenia sits below it, Italy sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Armenia | 20% | Source: PWC Worldwide Tax Summaries — Armenia (Corporate, Other taxes) · as of 2026-06-30 |
| Italy | 22% | Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13 |
| Difference | −2 pp | Italy higher |
Italy's VAT rate is 2pp higher than Armenia's (22% vs 20%). The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2026 — Armenia · as of 2025-10-01 |
| Italy | 26% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Income determination) · as of 2019-01-01 |
| Difference | −26 pp | Italy higher |
Italy's capital gains tax rate is 26pp higher than Armenia's (26% vs 0%). The 175-country average is 10.3%: Armenia sits below it, Italy sits above it. Armenia's figure is dated 2025-10-01 and Italy's 2019-01-01, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 0% | Source: IMF Fiscal Affairs Department — Republic of Armenia: Tax Compliance and Crypto Assets (Technical Assistance Report, July 2024) · as of 2024-07-01 |
| Italy | 33% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Other taxes) · as of 2026-02-25 |
| Difference | −33 pp | Italy higher |
Italy's crypto tax rate is 33pp higher than Armenia's (33% vs 0%). The 88-country average is 13%: Armenia sits below it, Italy sits above it. Armenia's figure is dated 2024-07-01 and Italy's 2026-02-25, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Armenia | 0% | Source: PWC Worldwide Tax Summaries — Armenia (Net wealth/worth tax rates) · as of 2026-06-30 |
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| Difference | 0 pp | displayed rates match |
Armenia's wealth tax rate is identical to Italy's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Armenia's figure is dated 2026-06-30 and Italy's 2024-01-01, so the two rates come from different data vintages.