When does a student have to pay taxes?

Basically, it works like this: when you have earned less than 10.345 euro throughout an entire assessment year, you won’t have to pay any taxes. It’s only when you cross this 10.345-euro line, that you will have to pay taxes on all the additional earnings. But no worries: you don’t have to start panicking – yet! Because this earlier mentioned sum of 10.345 euro, that’s a fairly nude amount: meaning that every social-security contribution is already subtracted. And this means that you will have to do your very best to top that amount whilst working as a student!

The difference between taxes and social-security contributions

Another important bit to keep in mind, is the difference between paying taxes and paying social-security contributions. As said before: when you are working as a student, you only have to pay taxes when you have earned more than 10.345 euro throughout an entire assessment year. Social-security contributions, on the other hand, you have to pay when you have worked more than 475 hours throughout an entire year.

Still having questions about taxes when you’re a student? Make sure to watch the full video and/or don’t be afraid to contact us: we’re more than happy to help you along. See you soon! Jamie tells you more about it in the video below!