The tax shift is benefiting Belgian employersSunday, 03 December 2017 01:20
“Social security costs dropped to an average of 30.46% and will continue to drop, reaching 25% in 2019. Thanks to the tax shift, Belgium is in 5th place on the table of the most expensive countries for all salaries levels (compared to second in 2015). For low salaries, Belgium is in 7th position (in the middle) on the table of the most expensive countries”, Deloitte explained.
Belgian workers receive a lower net salary than their European counterparts. Deloitte says this is because of a high marginal taxation rate (53.3%), which is applied to even very low salaries (38,830 euros).
The tax shift was designed to let employees on low salaries keep a bigger part of their gross salary. The study shows that while this is the case, the impact has been minimal because Belgium has only dropped one place for the lowest (around 25,000 euros) and middle range salary brackets (50,000 euros).
Finally, in terms of available income, Belgian employees fare worse than their Luxemburgish and German neighbours, but better than France or the Netherlands.
Sarah Johansson (Source: Belga)
This year Belgium finished 21st in the international competitiveness ranking of the World Economic Forum (WEF).
The European Court of Auditors (ECA) has signed off the 2017 accounts of the agencies working for the EU in…
Newly elected mayor of the Brussels commune of Molenbeek, Catherine Moureaux, has condemned the so-called Canal Plan introduced by the…
Federal foreign affairs minister Didier Reynders (photo) has refused to become involved in a diplomatic row between Spain and Flanders.