Search results
Results From The WOW.Com Content Network
Taxes: Retirement income is subject to taxation in Italy, however, the rate is quite low, at just 7% flat on foreign pensions. Real Estate Restrictions: Expats can purchase property in Italy ...
The lira was the official unit of currency in Italy until 1 January 1999, when it was replaced by the euro (the lira was officially a national subunit of the euro until the rollout of euro coins and notes in 2002). Old lira denominated currency ceased to be legal tender on 28 February 2002. The conversion rate was Lit 1,936.27 to the euro. [13]
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat . [ 1 ]
Government pensions form a big part of retirement income for many people. Current retirees rely on those still in the workforce to contribute to the country's pension system, which funds their...
Denmark is the only EU member state which has been granted an exemption from using the euro. [1] Czechia, Hungary, Poland, Romania and Sweden have not adopted the Euro either, although unlike Denmark, they have not formally opted out; instead, they fail to meet the ERM II (Exchange Rate Mechanism) which results in the non-use of the Euro.
For premium support please call: 800-290-4726 more ways to reach us
During the period 1968–1972, the Italian State introduced retirement pensions and social pensions for every citizen over 65 years and under a certain income threshold. The extraordinary wage supplementation fund and early retirement were introduced along with tax relieves for the production. [1]
The government sets the tax rate according to income, but the regions can add an additional 0.7 percent to 3.33 percent. In addition to the regional income tax, a municipal income tax can be levied which ranges from 0.1 percent to 0.9 percent. Municipalities can also establish progressive tax rates applicable to the national income bracket. [2]