TaxGlass

IT · Europe ↔ PT · Europe

Italy vs Portugal: tax rates compared

Portugal has an income tax rate of 53%, 5.8pp above Italy's 47.2%. The 37-country average is 43.2%: both sit above 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%PT 53%
Income Tax, side by side
CountryRateSource
Italy47.2%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Portugal53%Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01
Difference−5.8 ppPortugal higherlargest gap on this page

Corporate Tax

0102030405060World avg 22.6%IT 27.8%PT 30.5%
Corporate Tax, side by side
CountryRateSource
Italy27.8%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Portugal30.5%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−2.7 ppPortugal higher

Portugal has a corporate tax rate of 30.5%, 2.7pp above Italy's 27.8%. The 201-country average is 22.6%: both sit above it.

VAT

0102030405060World avg 19.5%IT 22%PT 23%
VAT, side by side
CountryRateSource
Italy22%Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13
Portugal23%Source: PWC Worldwide Tax Summaries — Portugal (Corporate, Other taxes) · as of 2026-01-26
Difference−1 ppPortugal higher

Portugal has a VAT rate of 23%, 1pp above Italy's 22%. The 37-country average is 19.5%: both sit above it.

Wealth Tax

0102030405060World avg 0.1%IT 0%PT 0%
Wealth Tax, side by side
CountryRateSource
Italy0%Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01
Portugal0%Source: PWC Worldwide Tax Summaries — Portugal (Individual, Other taxes) · as of 2026-01-05
Difference0 ppdisplayed rates match

Italy and Portugal share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Italy's figure is dated 2024-01-01 and Portugal's 2026-01-05, so the two rates come from different data vintages.

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