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Previously on "Working in Belgium?"

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  • tim123
    replied
    Originally posted by mikeyboy View Post
    I'd say that's correct Fred.

    Yep, that's exactly what I meant.

    tim

    Leave a comment:


  • mikeyboy
    replied
    I'd say that's correct Fred.

    Leave a comment:


  • Fred Bloggs
    replied
    Originally posted by tim123 View Post
    This is not true.

    Anyone who has told you this is wrong.

    tim
    Liable for UK tax though if you are UK tax domiciled?

    Leave a comment:


  • mikeyboy
    replied
    tim123 Doesn't matter now as that isn't the way I'm going to proceed.

    Nor was this the advice I was given by ITSEC. Simply an observation made from reading this and other sites.

    Leave a comment:


  • tim123
    replied
    Originally posted by mikeyboy View Post
    Of course, all these companies will assure me that they operate in a totally legal way to avoid rather than evade tax.

    .
    Do you really believe that leaving some moeny in the pot and paying it out to you gross after you have left the country, is avoidance?

    tim

    Leave a comment:


  • tim123
    replied
    Originally posted by mikeyboy View Post
    The most tax efficient method seems to be to take the contract then leave shortly before I hit the six month mark. That way I'm not liable for ANY tax.
    This is not true.

    Anyone who has told you this is wrong.

    tim

    Leave a comment:


  • mikeyboy
    replied
    Of course, all these companies will assure me that they operate in a totally legal way to avoid rather than evade tax.

    Have no fear, I will not proceed without checking and double checking using both this forum and professional advice to aid my decision.

    Leave a comment:


  • AlfredJPruffock
    replied
    Originally posted by Turion View Post
    48%, that sucks. Many UK contractors use their own ltds co's for years on end in Belgium - and get away with it. If your initial contract is for 6 months or less, why not do that anyway as you probably will not want to stay. If you are more adventurous you can just invoice the lot into off-shore account and live tax free. A lot of expats do that.
    Because - due to changes in Belgain employment law as from last year - if you are caught evading Belgian Taxes your Agency/Employer gets whacked as well. So not so easy ...

    Leave a comment:


  • AlfredJPruffock
    replied
    Originally posted by mikeyboy View Post
    I must apologise. The projection ITECS sent me was laid out in a confusing way and I mis-calculated. Take home is actually going to be 75% of earnings. That's with all due taxes paid. So happy days!

    Mr. Alfred already been to all the war zones. Yawn
    Have you included their cut as well - you have to make sure you know ALL their costs - - and remember all worldwide income HAS to be declared and tax paid in Belgium - since you will be payrolled I assume as a Belgian employee.

    There was a time when Belgium was a bit lax about tax - not any more - if you fall foul of the Belgian authorites -they will hammer you and your employer - caveat emptor, and good luck to you whatever you do.
    Last edited by AlfredJPruffock; 19 March 2008, 15:07.

    Leave a comment:


  • mikeyboy
    replied
    I must apologise. The projection ITECS sent me was laid out in a confusing way and I mis-calculated. Take home is actually going to be 75% of earnings. That's with all due taxes paid. So happy days!

    Mr. Alfred already been to all the war zones. Yawn
    Last edited by mikeyboy; 19 March 2008, 11:00.

    Leave a comment:


  • AlfredJPruffock
    replied
    Originally posted by The Lone Gunman View Post
    The rate sounds OK for Brussels, but do not know your skills.
    You do not want to get involved in the Belgian tax system.
    Find a decent Brolly. I used a company called pearl systems. I know one of them and trust him. They are not the cheapest, but I was impressed with the service.

    NATO HQ is well out of town, but there is a decent bus service to the gate.
    Brussels is a tiny city so you can live anywhere and still have a short commute. Plenty will tell you where not to live. A lot of the expats are around Schuman (as are the Irish bars).

    I didnt like the place and you would have to pay me a lot to go back but there are plenty on here who like it.
    Apparently Brussels has really went downhill over the past couple of years - last time I was there seemed more shabby and grubby then ever - and I hear the job market has taken a dive there too - apart from NATO ! No surprises there - watch they dont send you to a war zone though...
    Last edited by AlfredJPruffock; 19 March 2008, 09:24.

    Leave a comment:


  • Turion
    replied
    48%, that sucks. Many UK contractors use their own ltds co's for years on end in Belgium - and get away with it. If your initial contract is for 6 months or less, why not do that anyway as you probably will not want to stay. If you are more adventurous you can just invoice the lot into off-shore account and live tax free. A lot of expats do that.

    Leave a comment:


  • mikeyboy
    replied
    Got my quote from ITECS.

    They use some complicated means to ensure I legally avoid undue taxes. Including ensuring I can claim my full UK tax allowance for my tax code and pay the lower UK Nat Ins.
    However, even with all this I am still taking home only 48% of what I earn.
    This is breaking my heart, financially I am better off in the UK, even in a permie job! But this is a really good opportunity to work with a VERY big name in the IT business.

    Atlantic Brolly are preparing a projection for me. They currently have a guy working in a similar role. Hopefully they can do better.

    The most tax efficient method seems to be to take the contract then leave shortly before I hit the six month mark. That way I'm not liable for ANY tax.
    Last edited by mikeyboy; 18 March 2008, 23:16.

    Leave a comment:


  • ace00
    replied
    My comments applied to HQ. I believe it's better in Shape though I haven't worked there.

    Leave a comment:


  • mikeyboy
    replied
    Apologies, the gig is actually in SHAPE, which is about 60km south of Brussels in Mons.

    I've e-mailed ITEC and Pearl Systems asking for financial illustrations.

    ace00 Unfortunately I think bitchiness and office politics are prerequisites for NATO contracts. As contractors we are an easy target for disgruntled military and civy staff.

    Lone Gunman Thanks for the tips. I may feel the same after working there. But if I don't try I'll never know. I can always find something else at home again.

    All feedback appreciated.
    Last edited by mikeyboy; 18 March 2008, 15:38.

    Leave a comment:

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