In relation to Belgian Social Security 2015, the employee’s social security share of taxes is 13.07% of the total gross compensation. The employers’ share can vary around the 30% mark.
In regards to determining the level of taxable income, Belgian social security 2015 and its resulting taxes are deductible. For expatriates and foreign employees working short-term contracts and assignments within Belgian borders (and are subject to the schemes for social security from their home country) an exemption may be granted from social security. This will depend on the nationality of the claimant.
For example, if you were an employee sent to Belgium from the United Kingdom for a British employer, working a time period less than five years but still remaining under the UK social security scheme, the Belgian and UK social security agreement will allow a full exemption from Belgian taxes surrounding social security.
Additional reimbursed expenses given to specialists and foreign executives provisionally working in Belgium are exempt from social security taxes, within certain limitations.
Belgian Social Security 2015: Special Social Security Contribution
The amount for the special Belgian social security 2015 rate is also payable, the actual amount varying between €9.30 and €60.94 every month. The method for collecting this contribution involves deductions on a month-by-month basis from the net salary, even though the total amount outstanding will be determined through the tax return process on the base of the actual net taxable income from the family.
The contribution for social security is not tax deductible. There is a maximum amount outstanding by a family on a yearly basis amounting to €731.28.
Management Services in Belgium
EAFS can take complete control over administration and Payroll when working in Belgium. We can also take full jurisdiction of dealings with the Belgian Tax and National Security Office. Fully specialised in this labour market, we can also offer services through EAFS Consulting BVBA, ensuring legality and helping you to gain the best possible marketplace retention rate. Social Security and Tax are deducted at source, calculated on the tax card basis, submitted for each individual at the beginning of every fiscal year.
For more information on Belgian Payroll, Working in Belgium or Contracting in Europe visit the Euro Accountancy & Finance Services website.