Foreign income pushing up Belgian taxes (exemption with progression)
Interested to see what's the worst that can happen to my Belgian salary depending on my earnings abroad.
Let's say I earn €30k in Belgium, and my foreign income is high enough to push all of this into the 50% bracket. Is it correct that after deductions (social sec, personal allowance etc) of about €17k I can only have extra taxes applied to the remaining €13,000? I.e. paying €6.5k rather than something like €3.5k.
If that's the case it wouldn't matter if I earn an extra €30 or €80k abroad - the extra tax would be the same...? (Apart from the municipal tax which I think is charged separately).
I know this is over simplified but just to get a general idea.