Calculating Italian Salaries: how to get to your real compensation
Everyone knows that paying taxes in Italy is notoriously complicated. It’s important to have at least a basic understanding of how to calculate your salary and taxes in order to cope with the cost of living in Italy, especially if you live in one of the major cities. People outside of the European Union imagine that tax in Italy is much higher than, say, those in the United States, but they are much closer than is expected if we take into consideration the high cost of health insurance and the various additional forms of taxes that are paid on goods in the U.S. that are not paid in Italy.
After moving back to Italy from the United States in 2013, I realized how much an accounting and tax firm was needed to help expats living in Italy to comply with the local tax regulations.