Home Economy The net salary of all Belgian workers will increase by a minimum of 600 euros per year

The net salary of all Belgian workers will increase by a minimum of 600 euros per year

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The 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.

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 translates not only to une automatic indexation of wages by sectorbut also through higher indexation of tax rates, so that more of your salary ends up in a lower tax bracket, which translates into a higher take-home pay,” says Kristiaan Andries , advisor to the SD Worx Knowledge Center.

In comparison, two years ago, there was no question ofan average increase of only 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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