WorldTax Compareโ† All Comparisons

Italy vs Mexico
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฎ๐Ÿ‡น Italy
vs
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
23โ€“43%
3-bracket IRPEF reform targeting completion
No change
1.92โ€“35%
Rates stable; fiscal consolidation needed
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
4โ€“22%
Digital economy VAT rules tightening
No change
0โ€“16%
Standard 16% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
24%
Investment incentive rate (20%) extended
No change
30%
30% maintained; Pillar Two discussions
No change
Capital Gains Tax
Capital Gains Tax
26%
Flat 26% maintained
No change
35%
No change
No change
Social Security & Payroll
Social Security / Payroll
~40%
Pension reform adjustments continuing
No change
~35%
Nearshoring investment affecting payroll dynamics
No change
State, Regional & Local Taxes

๐Ÿ‡ฎ๐Ÿ‡น Italy โ€” Regional & Municipal Income Taxes

Italy's 20 regions levy addizionale regionale at 0.7%โ€“3.33%. Municipalities add addizionale comunale up to 0.9%. Sicily, Sardinia, and Trentino-Alto Adige have special autonomous status. IRAP (regional business tax) at ~3.9% applies to businesses. Local property tax (IMU) is set by municipalities on investment properties. Cumulative marginal rates can exceed 50%.

๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico โ€” State & Municipal Taxes

Mexico's 31 states and Mexico City each have their own regimes. States charge local payroll tax (Impuesto Sobre Nรณmina) at 1%โ€“4% (employer-paid). Municipal property tax (predial) rates vary significantly. Some states have lodging and entertainment levies. The Maquila sector benefits from special IMMEX programs. Nearshoring boom is driving new investment.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Italy vs Mexico: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฎ๐Ÿ‡น Italy has a higher top income tax rate (23โ€“43% vs 1.92โ€“35%). ๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Italy has a higher consumption tax (4โ€“22% vs 0โ€“16%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฎ๐Ÿ‡น Italy offers a lower corporate rate (24% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฎ๐Ÿ‡น Italy taxes investment gains at a lower rate (26% vs 35%), benefiting investors.

Related Comparisons

๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ฆ๐Ÿ‡บ AustraliaTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡จ๐Ÿ‡ฆ CanadaTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ซ๐Ÿ‡ท FranceTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ฉ๐Ÿ‡ช GermanyTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡จ๐Ÿ‡ญ SwitzerlandTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ฌ๐Ÿ‡ง United KingdomTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡บ๐Ÿ‡ธ United StatesTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ฆ๐Ÿ‡ฑ AlbaniaTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ง๐Ÿ‡พ BelarusTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ง๐Ÿ‡ฆ Bosnia and HerzegovinaTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ง๐Ÿ‡ฌ BulgariaTax comparison๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ญ๐Ÿ‡ท CroatiaTax comparison