Tax Facts

Updated Income Tax Information for the Financial Year 2024–2025

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Income Tax Information

We bring you the updated Income Tax rules for 2025. Personal circumstances vary, so always consult a tax advisor for personalized advice.

Tax Foundation – International Competitiveness Index 2025

The 2025 report compares countries based on how their tax system encourages economic growth and investment.

FRANCE: Tax Freedom Day – July 21st (2025)

France continues to maintain one of the highest tax burdens in Europe.

ITALY: Tax Freedom Day – July 11th (2025)

Italy's tax burden shows slight improvements compared to previous years.

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AUSTRIA: Tax Freedom Day – August 4th (2025)

Austria’s tax burden has decreased slightly compared to the last decade.

SWEDEN: Tax Freedom Day – July 16th (2025)

Sweden’s strong welfare economy keeps tax rates high, but stable.

Not for Profit Tax

Non-Profit Tax Requirements (2025)

Updated rules for NGOs, Trusts & Section 8 companies under Income Tax Act 2025, including 12A, 80G registrations and compliance guidelines.

*Last Updated: January 2025 *