Could someone help me calculate my net income in Belgium? Thank you!

Post new topic

dressupnine Member

Member since 01 March 2017

dressupnineMember01 March 2017 07:54:36

Hi,

I got a job from Brussels but am wondering if the amount of money I receive will be enough to live on.

Basically, they pay about 3850 euros per month. I tried to compute my first year net income as below. Please let me know if you see if correct or not.

Gross = 3850 * 13 = 50050
Social Security = Gross * 0.1307 = 6542
Personal allowance = 7130

Taxable income = Gross - Social Security - Personal Allowance = 36378

Tax = 10860 * 0.25 + (12470 - 10860) * 0.3 + (20780 - 12470) * 0.4 + (35378.26 - 20780 ) * 0.45 = 13091

Net income = Gross - Social Security - Tax = 30417

Therefore, the net income per month = 30417 / 12 = 2534

Did I do it right? Thank you!!

dressupnine

Cynic UK / Netherlands Expert

Member since 15 September 2015

CynicUK / Netherlands Expert01 March 2017 08:07:13

7695

Hi Dressupnine and welcome to the Forum.

This may help you with your question.

dressupnine Member

Member since 01 March 2017

dressupnineMember01 March 2017 08:33:42

Thank you, Cynic, but this tool does not seem to accurately compute the tax and net income.

The major mistake would be that it includes neither social security nor personal allowances in the computation.

Best,
dressupnine

mhmt New member

Member since 24 November 2016

mhmtNew member01 March 2017 21:02:42

if you have expat tax then I think it would reach something around 2750-2850, roughly of course.

dressupnine Member

Member since 01 March 2017

dressupnineMember01 March 2017 23:22:19

Thank you, mhmt. I think I am considered a resident. I am a scientific-visa holder...Belgium doesn't pay a scientist very well :-p

dressupnine

solexhonda Active member

Member since 11 February 2010

solexhondaActive member06 March 2017 12:11:06

I hope this calculator helps. It has an English version too.

Articles to help you in your expat project in Belgium

Tax in Belgium
Like everyone else, expats in Belgium have to pay taxes. Here's a description of how Belgian taxes work.
Doing an internship in Belgium
Students usually have to do an internship to validate their academic training. What's the process of doing an ...
A guide to Brussels' neighbourhoods
A very safe and laid-back city to live and work in, Brussels has many different sides for expats and tourists to ...
Buying a car in Belgium
Some formalities apply when buying a vehicle in Belgium, both before and after the sale. Here's what to expect.
Buying property in Brussels
Compared with other European capitals, buying property in Brussels is very affordable. Consequently, it's ...
Buying a property in Belgium
The real estate in Belgium has the reputation of being relatively cheaper than its neighbors. We'll give you ...
Lifestyle in Belgium
Belgium is a diverse country that's very friendly with newcomers. What about its traditions, festivities, and ...
Driving in Belgium
If you're moving to Belgium, you might be interested in learning about getting a driver's license. Read on ...