- Country Guide
- Italy
Italy
Last Update by Federico, 01 Oct 2024
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Exchange Rate
10 Oct 2024
Cost of Living
Indicative value for a working adult in a city: Milan
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (EUR) |
|---|---|
| McDonalds Set Meal | 7.50 |
| Monthly Train and Bus Tickets | 35 |
| 3 Bedrooms Rental (City Center) | 2,700 |
| 3 Bedrooms Rental (Outskirt) | 1,600 |
Current Inflation Rate
0.6%
Wage
Minimum Wages
- No statutory national minimum wage in Italy.
Wages are determined by the Labour Law Union regulations for each sector.
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (EUR) |
|---|---|
|
Entry-Level
Fresh Graduate
|
1250 |
|
Mid-Level
5 Years
|
1,850 |
|
Experienced & Managerial Level
10 Years
|
3000 |
|
Specialized & Senior-Level
15 Years
|
5000 |
Annual Salary Growth
4%
Statutory Contribution
Fiscal year for Statutory Contribution: 1st January - 31st of December
Statutory Contribution are applied on a country level basis.
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Social Security (INPS) | 27%-31% | 9.19% |
All staff Includes: Pension, Healthcare, Unemployment, Disability, Family Leave. |
| Injuries at Work (INAIL) | 1%-1.5% | - | All staff |
| Severance Pay (TFR) | 7%-7.5% | - | All staff |
| 13 monthly salary | 1 month paid in December | - | All staff |
Other Benefit
Other common employment benefits in Italy include:
- 14th bonus wage, usually paid during the summer
- Additional life and medical insurance: Around 250 EUR per month
- Additional retirement plan: Around 150 EUR per month
- Car allowance: Around 75 EUR per month
- Mobile allowance: Around 50 EUR per month
- Gym allowance: Around 50 EUR per month
Income Tax
Residents
- Each region has different regional tax rates and municipality rates
Country Level
| Taxable Income | Rate |
|---|---|
| Up to 15,000 | 23% |
| 15,001 - 28,000 | 25% |
| 28,001 - 50,000 | 35% |
| 50,000 + | 43% |
State/Province Level
Lombardy
| Taxable Income | Rate |
|---|---|
| Up to 15,000 | 1.23% Regional Tax + 0.8% Municipality Tax (Milan) |
| From 15,001 - 28,000 | 1.58% Regional Tax + 0.8% Municipality Tax (Milan) |
| From 28,001 - 50,000 | 1.72% Regional Tax + 0.8% Municipality Tax (Milan) |
| Over 50,000 | 1.73 Regional Tax + 0.8% Municipality Tax (Milan) |
Non-residents
- Tax for non-residents is the same as residents but only for the income generated in Italy
Working Hours
Statutory
There are no statutory work hours.
40 Hours
8 hours a day, 5 days a week
Typical practice
40 hours
Monday- Friday
Overtime
Cannot exceed 48 hours per week or 250 hours per year
- 15% more pay between the 41st and 48th hour of work
- 35% more pay for public holidays
- 55% more pay for night shifts
Employment Contract
Permanent
Must state permanent and full or part time
Contract Format
Must be written (electronically or printed) in Italian
Payroll Currency
EUR
Probation
Entry level roles: 1 -3 months
Senior staff and management: up to 6 months
Contract Period
No minimum duration
Termination
-
Notice periods:
Usually regulated by the applicable NCBA.
- Full-time entry-level staff with under 5 years' service: 15 days for
- Full-time entry-level employees with over 5 years' service: one month -
Severance:
- Employers pay Trattamento di fine rapporto (TFR)
- TFR is 1 year's salary / 13.5 with an additional 1.50% for each year of service and compensation for inflation
Public Holiday
11 Days + 1 day (differs per region)
Country Level
| Date | Name |
|---|---|
| 01 Jan | New Year's Day |
| 06 Jan - 06 Jan | Epiphany |
| 31 Mar | Easter |
| 01 Apr | Easter Monday |
| 25 Apr | Liberation Day |
| 01 May | Workers' Day |
| 02 Jun - 02 Jun | Republic Day |
| 24 Jun | The Feast of St. John (Florence, Genoa, Turin) |
| 15 Aug - 15 Aug | Assumption of Mary |
| 19 Sep | The Feast of Saint Januarius (Naples) |
| 01 Nov | All Saints' Day |
| 07 Dec | The Feast of St. Ambrose (Milan) |
| 08 Dec - 09 Dec | Feast of Immaculate Conception |
| 25 Dec | Christmas Day |
| 26 Dec | Saint Stephen's Day |
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 20 working days (4 weeks) | All staff with full time contracts |
| Sick Leave | 180 calendar days maximum | All staffs with full time contracts |
| Maternity Leave | 5 months | Expectant mothers with full time contracts |
| Paternity Leave | 10 working days | Expectant fathers with full time contracts |
| Parental Leave | up to 11 months | Both parents with full time contacts |
| Bereavement Leave | 3 days | All staff |
Reference
- https://www.numbeo.com/cost-of-living/in/Milan
- https://fiscomania.com/busta-paga-2024/#:~:text=Grazie%20ai%20rinnovi%20contrattuali%20dovrebbero,contrattuale%20prevista%20per%20il%202024.
- https://www.inps.it/it/it/inps-comunica/diritti-e-obblighi-in-materia-di-sicurezza-sociale-nell-unione-e/per-le-imprese/aliquote-contributive.html
- https://www.ebinforma.it/costo-del-lavoro-dipendente-premi-inail-e-adempimenti-delle-aziende/
- https://www.agenziaentrate.gov.it/portale/imposta-sul-reddito-delle-persone-fisiche-irpef-/aliquote-e-calcolo-dell-irpef
- https://www.agenziaentrate.gov.it/portale/it/web/guest/aliquote-e-calcolo-dell-irpef7
- https://www.lavoro.gov.it/sportello-unico-digitale/termini-e-condizioni-di-impiego/orario-di-lavoro#:~:text=orario%20normale%3A%20%C3%A8%20fissato%20in,periodo%20non%20superiore%20all'anno.
- https://www.italiancompanyformations.com/employment-payroll-services/types-employment-contract/#:~:text=The%20two%20main%20types%20of,contract%20(contratto%20a%20tempo%20indeterminato)
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Contact UsCountry Guide - Italy
Last updated: 01 Oct 2024
Exchange Rate
Currency (EUR)
- 1 CNY = 0.185 EUR
- 1 USD = 1.32 EUR
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Milan
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (EUR) |
|---|---|
| McDonalds Set Meal | 7.50 |
| Monthly Train and Bus Tickets | 35 |
| 3 Bedrooms Rental (City Center) | 2,700 |
| 3 Bedrooms Rental (Outskirt) | 1,600 |
Current Inflation Rate
0.6%
Wage
Minimum Wages
- No statutory national minimum wage in Italy.
Wages are determined by the Labour Law Union regulations for each sector.
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (EUR) |
|---|---|
|
Entry-Level
Fresh Graduate
|
1250 |
|
Mid-Level
5 Years
|
1,850 |
|
Experienced & Managerial Level
10 Years
|
3000 |
|
Specialized & Senior-Level
15 Years
|
5000 |
Annual Salary Growth
4%
Statutory Contribution
Fiscal year for Statutory Contribution: 1st January - 31st of December
Statutory Contribution are applied on a country level basis.
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Social Security (INPS) | 27%-31% | 9.19% |
All staff Includes: Pension, Healthcare, Unemployment, Disability, Family Leave. |
| Injuries at Work (INAIL) | 1%-1.5% | - | All staff |
| Severance Pay (TFR) | 7%-7.5% | - | All staff |
| 13 monthly salary | 1 month paid in December | - | All staff |
Other Benefit
Other common employment benefits in Italy include:
- 14th bonus wage, usually paid during the summer
- Additional life and medical insurance: Around 250 EUR per month
- Additional retirement plan: Around 150 EUR per month
- Car allowance: Around 75 EUR per month
- Mobile allowance: Around 50 EUR per month
- Gym allowance: Around 50 EUR per month
Income Tax
Residents
- Each region has different regional tax rates and municipality rates
Country Level
| Taxable Income | Rate |
|---|---|
| Up to 15,000 | 23% |
| 15,001 - 28,000 | 25% |
| 28,001 - 50,000 | 35% |
| 50,000 + | 43% |
State/Province Level
Lombardy
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
Non-residents
- Tax for non-residents is the same as residents but only for the income generated in Italy
Working Hours
Statutory
There are no statutory work hours.
40 Hours
8 hours a day, 5 days a week
Typical practice
40 hours
Monday- Friday
Overtime
Cannot exceed 48 hours per week or 250 hours per year
- 15% more pay between the 41st and 48th hour of work
- 35% more pay for public holidays
- 55% more pay for night shifts
Employment Contract
Fixed-Term
Used for a mixture of general reasons to more specific seasonal activities dependent on duration
Probation
Contracts under 6 months: 2 -15 days
Contracts above 6 months. Up to 30 days
Termination
-
Notice periods:
- 1 day per every 15 days staff worked, capped at 15 days -
Severance:
- Dismissal without cause: Employers pay for remainder of the contract term
Permanent
Must state permanent and full or part time
Probation
Entry level roles: 1 -3 months
Senior staff and management: up to 6 months
Termination
-
Notice periods:
Usually regulated by the applicable NCBA.
- Full-time entry-level staff with under 5 years' service: 15 days for
- Full-time entry-level employees with over 5 years' service: one month -
Severance:
- Employers pay Trattamento di fine rapporto (TFR)
- TFR is 1 year's salary / 13.5 with an additional 1.50% for each year of service and compensation for inflation
Public Holiday
11 Days + 1 day (differs per region)
2024
| Date | Name |
|---|---|
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 20 working days (4 weeks) | All staff with full time contracts |
| Sick Leave | 180 calendar days maximum | All staffs with full time contracts |
| Maternity Leave | 5 months | Expectant mothers with full time contracts |
| Paternity Leave | 10 working days | Expectant fathers with full time contracts |
| Parental Leave | up to 11 months | Both parents with full time contacts |
| Bereavement Leave | 3 days | All staff |
Reference
- https://www.numbeo.com/cost-of-living/in/Milan
- https://fiscomania.com/busta-paga-2024/#:~:text=Grazie%20ai%20rinnovi%20contrattuali%20dovrebbero,contrattuale%20prevista%20per%20il%202024.
- https://www.inps.it/it/it/inps-comunica/diritti-e-obblighi-in-materia-di-sicurezza-sociale-nell-unione-e/per-le-imprese/aliquote-contributive.html
- https://www.ebinforma.it/costo-del-lavoro-dipendente-premi-inail-e-adempimenti-delle-aziende/
- https://www.agenziaentrate.gov.it/portale/imposta-sul-reddito-delle-persone-fisiche-irpef-/aliquote-e-calcolo-dell-irpef
- https://www.agenziaentrate.gov.it/portale/it/web/guest/aliquote-e-calcolo-dell-irpef7
- https://www.lavoro.gov.it/sportello-unico-digitale/termini-e-condizioni-di-impiego/orario-di-lavoro#:~:text=orario%20normale%3A%20%C3%A8%20fissato%20in,periodo%20non%20superiore%20all'anno.
- https://www.italiancompanyformations.com/employment-payroll-services/types-employment-contract/#:~:text=The%20two%20main%20types%20of,contract%20(contratto%20a%20tempo%20indeterminato)
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000