It may be confusing to accurately calculate your income if you're employed as both a student-entrepreneur and a student worker (also called jobstudent). This may become an issue when you have to apply for an exemption that requires you to give an estimated amount of your yearly income in advance, whether you're trying to stay under a certain limit you need to meet for a tax exemption, or when you just want to keep an eye on staying beneath a fixed amount. It may occur that you calculated incorrectly and therefore need to reimburse. The reason for this is that student-entrepreneurs often don't know which tax exemption limits require them to factor in both their incomes, or whether they only need to consider their income off entrepreneurial activity. 


Overview of this article:


Exemption on VAT declaration


If the yearly income of your company is beneath €25,000. (excluding BTW), you are entitled to an exemption on VAT declaration. This sum only factors in your income on entrepreneurial basis, so you don't need to add your income as a student worker into your calculations.


Read more about the VAT declaration here.


Exemption on personal income tax


The tax-free sum for the income year 2023 equals €10,160. To get a full exemption on personal income tax as a student-entrepreneur, you'll have to stay beneath this sum. However, this sum includes both your income as a student-entrepreneur and your income as a student worker. 


In case you do exceed this amount, you are still entitled to an exemption on your personal income tax up to the first income bracket of €10,160. This means that with the exemption, you'll only get taxed for the amount on top of the €10,160.


Read more about the personal income tax here.


Exemption on social contributions


You can apply for an exemption from the provisional contributions if you already know in advance that your final income of the year will not exceed the limit of €8.204,59. This sum only factors in your income on entrepreneurial basis, so you don't need to add your income as a student worker into your calculations. 


Read more about the social contributions here.


Retaining your right to child benefit


If, as a student-entrepreneur, you stay dependent on your parents, you retain your right to child benefit (also called het Groeipakket). The rules differ depending on your region, in the Flemish Region you'll keep receiving your child benefit as long as you don't become an entrepreneur in main occupancy. This means that your child benefit won't be in danger as long as you earn 14,042.57 euros net taxable or less. This amount only deducts your income from self-employment, so your income as a student worker does not apply to it. 


Summary


LimitsIncome as student-entrepreneurIncome as jobstudent
VAT declaration (€25,000. excl. BTW)
x

Social contributions (€8.204,59) 
x

Personal income tax (€10.160) 
x
x
Child benefit (14.042,57)
x