The net salary of all Belgian workers will increase by at least 600 euros per year
The authorities announced on Tuesday the key formula for the new tax brackets from January 1, 2023. This is due to the annual indexation and adaptation of the withholding tax rates.
belgian couple
Lhe net monthly wages of Belgians, both in the private and public sectors, will increase by at least 50 euros from 1 January, and therefore by 600 euros net per year, due to the adaptation of tax scales and calculations of imposition of withholding tax, according to calculations by HR service provider SD Worx published on Tuesday.
Have we (finally) passed the peak of inflation?
The authorities announced on Tuesday the key formula for the new tax brackets from January 1, 2023. This is due to the annual indexation and adaptation of the withholding tax rates.
“Last year we had very high inflation. This results not only in automatic indexation of salaries by sector, but also in higher indexation of tax rates, so that more of your salary ends up in a lower tax bracket, which results in a higher net salary,” says Kristiaan Andries, SD Worx Knowledge Center Advisor.
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A big difference from last year
In comparison, two years ago, there was only question of an increase on average of five euros per month or 60 euros per year. Last year it was around 240 euros per year.
This increase, which differs according to the family situation, is always without counting the automatic indexation of the wages of the sectors, underlines SD Worx.
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