IT · EuropePG · Oceania
Italy vs Papua New Guinea: tax rates compared
Italy's income tax rate is 5.2pp higher than Papua New Guinea's (47.2% vs 42%). The 200-country average is 28%: both sit above it. Italy's figure is dated 2025-01-01 and Papua New Guinea's 2026-03-27, 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 | IT | PG | Difference |
|---|---|---|---|
| Income Tax | 47.2% | 42% | IT +5.2 pp |
| Corporate Tax | 27.8% | 30% | PG +2.2 pp |
| VAT | 22% | 10% | IT +12 pp |
| Capital Gains Tax | 26% | 0% | IT +26 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 |
| Papua New Guinea | 42% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Individual, Taxes on personal income) · as of 2026-03-27 |
| Difference | +5.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 27.8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Papua New Guinea | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −2.2 pp | Papua New Guinea higher |
Papua New Guinea'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 |
| Papua New Guinea | 10% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Corporate, Other taxes) · as of 2026-03-27 |
| Difference | +12 pp | Italy higher |
Italy's VAT rate is 12pp higher than Papua New Guinea's (22% vs 10%). The 181-country average is 15%: Italy sits above it, Papua New Guinea sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 26% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Income determination) · as of 2019-01-01 |
| Papua New Guinea | 0% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Individual, Income determination) · as of 2026-03-27 |
| Difference | +26 pp | Italy higher |
Italy's capital gains tax rate is 26pp higher than Papua New Guinea's (26% vs 0%). The 175-country average is 10.3%: Italy sits above it, Papua New Guinea sits below it. Italy's figure is dated 2019-01-01 and Papua New Guinea's 2026-03-27, 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 |
| Papua New Guinea | 0% | Source: PWC Worldwide Tax Summaries — Papua New Guinea (Individual, Other taxes) · as of 2026-03-27 |
| Difference | 0 pp | displayed rates match |
Italy's wealth tax rate is identical to Papua New Guinea'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 Papua New Guinea's 2026-03-27, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.