IM · EuropeIT · Europe
Isle of Man vs Italy: tax rates compared
Italy has an income tax rate of 47.2%, 26.2pp above Isle of Man's 21%. The 200-country average is 28%: Isle of Man sits below it, Italy sits above it. Isle of Man's figure is dated 2026-02-06 and Italy's 2025-01-01, so the two rates come from different data vintages.
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 | IM | IT | Difference |
|---|---|---|---|
| Income Tax | 21% | 47.2% | IT +26.2 pp |
| Corporate Tax | 0% | 27.8% | IT +27.8 pplargest gap |
| VAT | 20% | 22% | IT +2 pp |
| Capital Gains Tax | 0% | 26% | IT +26 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 21% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Taxes on personal income) · as of 2026-02-06 |
| Italy | 47.2% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −26.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 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 Isle of Man's 0%. The 201-country average is 22.6%: Isle of Man sits below it, Italy sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 20% | Source: PWC Worldwide Tax Summaries — Isle of Man (Corporate, Other taxes) · as of 2026-02-06 |
| Italy | 22% | Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13 |
| Difference | −2 pp | Italy higher |
Italy has a VAT rate of 22%, 2pp above Isle of Man's 20%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Income determination) · as of 2026-02-06 |
| 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 Isle of Man's 0%. The 175-country average is 10.3%: Isle of Man sits below it, Italy sits above it. Isle of Man's figure is dated 2026-02-06 and Italy's 2019-01-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Isle of Man | 0% | Source: PWC Worldwide Tax Summaries — Isle of Man (Individual, Other taxes) · as of 2026-02-06 |
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| Difference | 0 pp | displayed rates match |
Isle of Man and Italy share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Isle of Man's figure is dated 2026-02-06 and Italy's 2024-01-01, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.