In this episode, Tytle’s tax expert analyzes how much an employee earning €36,000 annually takes home after taxes in five Southern European countries: France, Portugal, Spain, Italy, and Greece. The discussion examines the impact of progressive income tax rates, social security contributions, and specific deductions in each country, providing a clear picture of net pay.
For example, in Spain, lower social security rates lead to higher take-home pay, while in Portugal and France, heavier contributions bring down the net amount. Italy stands out with its expat-friendly impatriate regime, offering significant tax reductions for eligible newcomers. The episode also explores how these tax regimes compare for foreign workers, including the now-ended NHR program in Portugal and Spain’s Beckham Law.
Want to know more? Go to www.tytle.io
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