IT · EuropeMX · Americas
Italy vs Mexico: tax rates compared
Italy's income tax rate is 12.2pp higher than Mexico's (47.2% vs 35%). The 200-country average is 28%: both sit 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 | IT | MX | Difference |
|---|---|---|---|
| Income Tax | 47.2% | 35% | IT +12.2 pp |
| Corporate Tax | 27.8% | 30% | MX +2.2 pp |
| VAT | 22% | 16% | IT +6 pp |
| Capital Gains Tax | 26% | 10% | IT +16 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 47.2% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Mexico | 35% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +12.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 27.8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Mexico | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −2.2 pp | Mexico higher |
Mexico's corporate tax rate is 2.2pp higher than Italy's (30% vs 27.8%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Italy | 22% | Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13 |
| Mexico | 16% | Source: PWC Worldwide Tax Summaries — Mexico (Corporate, Other taxes) · as of 2026-02-24 |
| Difference | +6 pp | Italy higher |
Italy's VAT rate is 6pp higher than Mexico's (22% vs 16%). The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 26% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Income determination) · as of 2019-01-01 |
| Mexico | 10% | Source: PwC Worldwide Tax Summaries — Mexico (Individual, Income determination) · as of 2026-01-30 |
| Difference | +16 pp | Italy higher |
Italy's capital gains tax rate is 16pp higher than Mexico's (26% vs 10%). The 175-country average is 10.3%: Italy sits above it, Mexico sits below it. Italy's figure is dated 2019-01-01 and Mexico's 2026-01-30, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| Mexico | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-02-24 |
| Difference | 0 pp | displayed rates match |
Italy's wealth tax rate is identical to Mexico'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 Mexico's 2026-02-24, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.