TaxGlass

IT · Europe ↔ LT · Europe

Italy vs Lithuania: tax rates compared

Italy's income tax rate is 15.2pp higher than Lithuania's (47.2% vs 32%). The 37-country average is 43.2%: Italy sits above it, Lithuania sits below it.

Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Income Tax

0102030405060World avg 43.2%IT 47.2%LT 32%
Income Tax, side by side
CountryRateSource
Italy47.2%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Lithuania32%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference+15.2 ppItaly higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%IT 27.8%LT 16%
Corporate Tax, side by side
CountryRateSource
Italy27.8%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Lithuania16%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference+11.8 ppItaly higher

Italy's corporate tax rate is 11.8pp higher than Lithuania's (27.8% vs 16%). The 201-country average is 22.6%: Italy sits above it, Lithuania sits below it.

VAT

0102030405060World avg 19.5%IT 22%LT 21%
VAT, side by side
CountryRateSource
Italy22%Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13
Lithuania21%Source: PWC Worldwide Tax Summaries — Lithuania (Corporate, Other taxes) · as of 2026-03-10
Difference+1 ppItaly higher

Italy's VAT rate is 1pp higher than Lithuania's (22% vs 21%). The 37-country average is 19.5%: both sit above it.

Wealth Tax

0102030405060World avg 0.1%IT 0%LT 0%
Wealth Tax, side by side
CountryRateSource
Italy0%Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01
Lithuania0%Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-10
Difference0 ppdisplayed rates match

Italy's wealth tax rate is identical to Lithuania's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Italy's figure is dated 2024-01-01 and Lithuania's 2026-03-10, so the two rates come from different data vintages.

Not covered for both countries yet: Capital Gains Tax, Crypto Tax.