IT · EuropeSO · Africa
Italy vs Somalia: tax rates compared
Between the two, Italy's income tax rate (47.2%) tops Somalia's (18%) by 29.2pp. The 200-country average is 28%: Italy sits above it, Somalia sits below it.
Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | IT | SO | Difference |
|---|---|---|---|
| Income Tax | 47.2% | 18% | IT +29.2 pplargest gap |
| Corporate Tax | 27.8% | 15% | IT +12.8 pp |
| 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 |
| Somalia | 18% | Source: Ministry of Finance, Federal Republic of Somalia — Income Tax Manual (for the Income Tax Law 2025 & Income Tax Regulations 2025) · as of 2025-11-01 |
| Difference | +29.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 27.8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Somalia | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +12.8 pp | Italy higher |
Between the two, Italy's corporate tax rate (27.8%) tops Somalia's (15%) by 12.8pp. The 201-country average is 22.6%: Italy sits above it, Somalia sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| Somalia | 0% | Source: Somalia Revenue Directorate — Direct Tax · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Italy and Somalia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Italy's figure is dated 2024-01-01 and Somalia's 2026-07-18, so the two rates come from different data vintages.
Not covered for both countries yet: VAT, Capital Gains Tax, Crypto Tax.