I understand this is most probably a question for the tax advisor/accountant but just thought some guys already on the contract may have a bit of inside info.
I have seen the the salary on the 'contract' position for DEC is 7500euro and then 800euro 'housing allowance', 500euro 'allowance' and then 18euro per block hour flown.
My question is if anybody has any first hand info on how this is being taxed for guys in Spain or UK?? Is it just the fixed salary which is taxed and the allowances are left alone or is the whole amount taxed at the same rate?
Obviously makes quite a difference to the take home pay which is where the interest comes from
Thanks to all kind enough to contribute.