Income tax personal allowance
A tax question... can anyone explain to me how the Belgian personal tax allowance works for a EU citizen who is resident for tax purposes?
I've been trying to find an answer for quite a few days and I'm just coming across a number of websites which say different things. In the UK, every UK tax payer is allowed to earn £10,600 before any tax is paid. For anything that is earnt over £10,600, it's only that amount that is subject to income tax.
In this the case in Belgium? I keep seeing somewhere in the region of 7,070 euros mentioned as the personal tax allowance... does this work the same way as in the UK?
To give an example, if someone earns 50,000 euros in a year, do they pay no tax on the first 7,070 and then only the subsequent 42,930 is taxed, or does it work differently?
Thanks in advance!