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
Could someone help me calculate my net income in Belgium? Thank you!
dressupnine
01 March 2017 09:54:36
21
Cynic
01 March 2017 10:07:13
7387
Hi Dressupnine and welcome to the Forum.
This link may help you with your question.
dressupnine
01 March 2017 10:33:42
21
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
01 March 2017 23:02:42
5
if you have expat tax then I think it would reach something around 2750-2850, roughly of course.
dressupnine
02 March 2017 01:22:19
21
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
06 March 2017 14:11:06
85
I hope this calculator helps. It has an English version too.
http://www.sd.be/loonsimulator/public/?lang=EN
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