WorldTax CompareAll Comparisons

Italy vs Guyana
Tax Rate Comparison

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

🇮🇹 Italy
vs
🇬🇾 Guyana
Tax Year:

💰 Personal Income Tax Calculator

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Individual Income Tax (Top Marginal Rate)

Top Income Tax Rate
23–43%
3-bracket IRPEF reform targeting completion
No change
28–40%
40% top; oil revenue transforming economy
No change

VAT / GST / Sales Tax

VAT / GST / Sales Tax
4–22%
Digital economy VAT rules tightening
No change
14%
14% maintained
No change

Corporate Tax Rate

Corporate Tax Rate
24%
Investment incentive rate (20%) extended
No change
25–40%
25% non-oil; oil sector revenues dominant
No change

Capital Gains Tax

Capital Gains Tax
26%
Flat 26% maintained
No change
20%
20% CGT
No change

Social Security & Payroll

Social Security / Payroll
~40%
Pension reform adjustments continuing
No change
~14%
NIS reform; oil wealth funding social expansion
No change
State, Regional & Local Taxes

🇮🇹 ItalyRegional & Municipal Income Taxes

Italy's 20 regions levy addizionale regionale at 0.7%–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%.

🇬🇾 GuyanaRegional & Municipal Taxes

Guyana's 10 administrative regions and municipalities levy property rates, market fees, and trade licences. Guyana has experienced a dramatic economic transformation since major offshore oil discoveries (Stabroek Block) began production in 2019. GDP growth rates have been among the world's highest (60%+ in 2022). The Natural Resource Fund manages oil revenues for long-term savings. A long-running border dispute with Venezuela over Essequibo affects regional stability but has not stopped oil development.

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

Italy vs Guyana: Key Tax Differences (2026)

💰 Income Tax: 🇮🇹 Italy has a higher top income tax rate (23–43% vs 28–40%). 🇬🇾 Guyana is more favourable for high earners.

🛒 VAT/Sales Tax: Italy has a higher consumption tax (4–22% vs 14%).

🏢 Corporate Tax: 🇮🇹 Italy offers a lower corporate rate (24% vs 40%), which can influence business location decisions.

📈 Capital Gains: 🇬🇾 Guyana taxes investment gains at a lower rate (20% vs 26%), benefiting investors.

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