BZ · AmericasIT · Europe
Belize vs Italy: tax rates compared
Italy has an income tax rate of 47.2%, 22.2pp above Belize's 25%. The 200-country average is 28%: Belize sits below it, Italy sits above it.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BZ | IT | Difference |
|---|---|---|---|
| Income Tax | 25% | 47.2% | IT +22.2 pp |
| Corporate Tax | 0% | 27.8% | IT +27.8 pplargest gap |
| VAT | 12.5% | 22% | IT +9.5 pp |
| Capital Gains Tax | 0% | 26% | IT +26 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 25% | Source: Belize Income and Business Tax (Amendment) Act, 2024 (No. 40 of 2024) · as of 2025-01-01 |
| Italy | 47.2% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −22.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | 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 | −27.8 pp | Italy higher |
Italy has a corporate tax rate of 27.8%, 27.8pp above Belize's 0%. The 201-country average is 22.6%: Belize sits below it, Italy sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belize | 12.5% | Source: Belize Tax Service — General Sales Tax Act (Chapter 63, Revised Edition 2011) · as of 2011-12-31 |
| Italy | 22% | Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13 |
| Difference | −9.5 pp | Italy higher |
Italy has a VAT rate of 22%, 9.5pp above Belize's 12.5%. The 181-country average is 15%: Belize sits below it, Italy sits above it. Belize's figure is dated 2011-12-31 and Italy's 2026-07-13, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act (Chapter 55, Revised Edition 2020) · as of 2020-12-31 |
| Italy | 26% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Income determination) · as of 2019-01-01 |
| Difference | −26 pp | Italy higher |
Italy has a capital gains tax rate of 26%, 26pp above Belize's 0%. The 175-country average is 10.3%: Belize sits below it, Italy sits above it. Belize's figure is dated 2020-12-31 and Italy's 2019-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Belize | 0% | Source: Belize Income and Business Tax Act, Chapter 55 (Government of Belize, Attorney General's Ministry) · as of 2026-07-18 |
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| Difference | 0 pp | displayed rates match |
Belize and Italy share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Belize's figure is dated 2026-07-18 and Italy's 2024-01-01, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.