Contracting in Belgium

[raselmahbub]

Hello everyone,

I am a complete newbie here and also wishing to start my career as a contractor.

I really need your help guys in making a decision regarding my first contract ever in my life.

I have been offered a contract in Belgium (I am a British citizen) 330 euro daily.

All I know is I need to set up a company and declare as self employed. The agency then would pay my company etc etc

Could you guys please help me out by pointing to the right direction regarding

- How much can I actually earn per month after tax?
- What check list I need to make sure with the agency before I confirm

Oh... I have another job offer here in UK offering £30,000 and also near to where I live.

I would really appreciate your help.

Many thanks

[stek]

Don't take it, €330 isn't anywhere near worth it, travel, accom, taxation advisor and 56% tax will leave you with nowt!

[Bozwell]

56% tax!?

[stek]

56% tax!?

Well, inc Social taxes.....

[Bozwell]

Well, inc Social taxes.....

That's if you take all your income as personal right? But then why would a contractor do that?

[stek]

That's if you take all your income as personal right? But then why would a contractor do that?

Suggest you read this...

http://forums.contractoruk.com/accou...-security.html

[Bozwell]

Suggest you read this...

http://forums.contractoruk.com/accou...-security.html

That's a good post for the OP to read but I do wonder how much things have changed since 2009. There are Belgian Umbrella companies if you do a Google search which claim to save a lot of tax.

[Eirikur]

You won't survive on €330 per day. You must have double that at least (keep also in mind the Euro is around 70p at the moment

[raselmahbub]

Thank you very much all for all the replies.

I did a google search and spoke to one of the company regarding all this... they said that they can support me by creating a limited company for 6 months (my contact is for 6 months) and anything more than 6 months I will need to do my own taxation thing by setting a company there in Belgium because I will be treated as Belgian resident or something like that. (I think this is about 183 day rule)

They provided me a break down of how much I can earn as below:

....................................|Per Annum.....| Per Month....|Per Week
Gross Contract Value .......|€85,800.........|€7,150...........|€1,650
Dividents........................|€4290........... |€358..............|€83
Retainer.........................|€11000.......... .|€917..............|€212
Discretionary loan award...|€57640..........|€4803.............|€1108
Take Home.....................|€72930..........|€6078..............|€1403

And I also did a little research on the area where the project is based, I can easily manage to get my food and accommodation done within €1000 to €1200.
I wont be travelling too much....probably once or twice in a month so that should lower my cost further.

I really want to work on this contract only because this will add a great value to my CV. But at the same time I do not want to put myself into any unexpected trouble leaving my current full time job.

I would really appreciate your thoughts on this.
Thank you very much guys.

[stek]

Thank you very much all for all the replies.

I did a google search and spoke to one of the company regarding all this... they said that they can support me by creating a limited company for 6 months and anything more than 6 months I will need to do my own taxation thing by setting a company there in Belgium because I will be treated as Belgian resident or something like that.

You will be treated as a Belgian resident from day one. A Belgian company or a UK one will be also. Do some more research or better still;

Run, Forest, run....

"Discretionary loan award" - read the EBT tread on here at look at the grief they're getting.....

You are seriously out of your depth, take the perm role.