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 Posted: Fri, 24th Jan 2014 11:55 Post subject: |
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| spankie wrote: | Let me get my paycheck:
3850: base salary
150: pension plan contribution
100: traffic compensation
150: meal vouchers
-550: social taxes (13%)
-1100: income taxes
-100 other small taxes
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2200 net + 150 pension + 150 meal vouchers
The pension money is locked away until 65, and you pay 2% year as 'insurance' and 10% when you draw it down. The meal vouchers are 'untaxed' income, but you pay 15% on it. Doesn't count for anything as income, and you can only buy food with it.
Healthcare: 100 per year
extended healthcare: paid by employer
life insurance taxes: 2% on all incoming money
dividend taxes: 25%
saving taxes: 25% on interests
car taxes: 300 / year
VAT: 21% |
you have a lot of net salary compared to your 3.8k gross salary. what do you mean with traffic compensation? Is this an amount for public transportation meaning gross = net? how many children do you have for christ's sake?  if no children, i guess you will be in a payable position after having filed your income tax return...
for the rest i can add to the discussion taht in belgium we still have a favorable company car tax policy, meaning that employer will offer a company car which equals a remuneration which is lower taxed (employee as well as employer wise) compared to regular gross salary. some Belgian companies are also very creative in offering daily and other allowances for which gross also equals net
i have a 60/40 salary split between belgium and the netherlands and it's great  you have the benefits of both countries. my company car, pension, and health insurance 100% in belgium and gross salary, holiday pay, 13th month 60/40 split between belgium and the netherlands. employee taxes is a lot lower in NL
your available net income is higher in NL but the last year i noticed a quick increase of all consumer product prices. you should compare prices of McDonalds burgers and coca cola products... NL is 25% more expensive on the products... i think it's all related to the 2% vat increase in NL while BE maintained its 21% since 2008 crisis
everyone is complaining about BE taxes but we are doing well in these crisis times compared to NL
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spankie
VIP Member
Posts: 2958
Location: Belgium
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| Posted: Sat, 25th Jan 2014 14:38 Post subject: |
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yeah, the traffic compensation is gross=net, in theory. But as i file real expenses instead of the forfatairy stuff, they will be added to gross taxable income at the end of the year  .
No kiddies here, not married. But 2200 out of 3950 (base+traffic stuff) is > 43% overal taxing rate. Normally I shouldnt be paying additional taxes. All the rest is extra-legal... Last year I got >1000 back because of pension expenses, proven costs, over taxed dividends etc.
And gross equals net, well as a compamny you would be stupid to increase gross further. It's all taxed at 13% + 50% above a certain threshold and as employee, unemployment or health social benefits do not increase anymore. Whether you earn 2000 net or 10000 net, it's capped.
And no company car here. But i think the company car stuff will get slashed after the coming elections
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sanchin
Posts: 765
Location: Poland
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| Posted: Sat, 25th Jan 2014 16:07 Post subject: |
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Oh, I forgot about one thing - due to my, so called, creative work, I'm eligible to halving the amount being taxed (to put it short), so I should get a tax return similar or even higher than a monthly salary.
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