Working as a self-employed person
Especially for students, there is the student self-employed status. This brings social and tax advantages. For example, you pay fewer social security contributions than someone working in a main occupation. Do you want to know how much tax you have to pay in what you have net left over? Then read on.
From gross to net in 3 steps
- Calculate your social contribution;
- Determine your net professional income. Turnover - costs - social contributions;
- Calculate your personal income tax: multiply the tax rate (personal income tax) by your total.
A fictitious example of student independent Fleur
Fleur earns €6,000 a year (€500 a month)
- Since she will not earn more than €25,000 per year, she has exempted herself from VAT obligations.
- Fleur has not incurred any expenses for her business.
- She has claimed exemption from social contributions because her estimated annual income is below €8,204.59.
- Social contributions = €0.0
- Net professional income: €6,000
- Personal income tax: €0.0
- Fleur is below the tax-free allowance (€10,160 per year) and pays no personal income tax.
Her net professional income is €6,000
Note: Exemptions for VAT returns and social security contributions must be applied for yourself through the enterprise office where you are registered.Find out how to apply for the exemption for:
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