This increase will take place due to the adaptation of the tax scales and the calculations of taxation of the withholding tax, according to the calculations of the 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 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 translates into a higher net salary,” says Kristiaan Andries, SD Worx Knowledge Center Advisor.
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.