Bulgaria

Currency
Bulgarian lev (BGN)
Payroll Frequency
Monthly
Employer Taxes
18.92% - 19.62%

About 

Bulgaria

Bulgaria, part of the Balkans, neighbors many countries, including Romania, Serbia, and Macedonia. The country is home to two mountain ranges and has a coastline on the Black Sea.

Overview

Population
7,050,034
Language
Bulgarian
Capital
Sofia
Currency
Bulgarian lev (BGN)
Country code
+359
Min wage
650.00 BGN per month
Working hours
8 hours a day starting between 8am and 9am
Weekdays
Monday to Friday
Work hours per week
18.92% - 19.62%

Payroll

Cycle

Monthly

Avg employer tax

Social security and health insurance rates which are payable by the employer as well as the employee are about 31% of the employee’s gross salary.

Taxation

Tax breakdown - Employer
  • Social security (Pension): 7.66%
  • Additional obligatory social security: 2.8%
  • Sickness and maternity: 2.1%
  • Unemployment insurance: 0.6%
  • Professional and non-professional accident insurance: from 0.4 to 1.1%
  • Health insurance: 4.8%
VAT

The standard VAT rate in Bulgaria is 20%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 3 Mar: Liberation Day
  • 30 Apr: Good Friday
  • 1 May: Holy Saturday
  • 1 May: Labor Day
  • 2 May: Easter Sunday
  • 3 May: Easter Monday
  • 4 May: Day off for Labor Day
  • 6 May: St. George's Day
  • 24 May: Culture and Literacy Day
  • 6 Sep: Unification Day
  • 22 Sep: Independence Day
  • 24 Dec: Christmas Eve
  • 25 Dec: Christmas Day
  • 26 Dec: Second day of Christmas
  • 27 Dec: Christmas holiday
  • 28 Dec: Christmas holiday
Sick days

Sick leave in Bulgaria is up to 18 months. The first three sick days are paid by the employer at 70% of the employee's daily gross remuneration. The following days are paid by social security at 80% or 90% of the employee's daily salary (if the employee has completed at least six months of service or social security contributions).

Maternity leave
  • Mothers are entitled to 410 days of maternity leave. 45 days can be used before birth. In addition, it is possible to transfer leave days to the father once the child reaches six months.
  • The country's National Health Insurance Fund pays for this leave at 90% of the parent's salary.
Paternity leave
  • Fathers are entitled to 15 days of paternity leave.
  • The country's National Health Insurance Fund pays for this leave at 90% of the parent's salary.

Termination

Termination Process
  • An employer can terminate an employment contract at any time with notice and justification.
  • The termination of employment can take place upon any of the exhaustive grounds outlined in the Bulgarian Labor code with valid reasons.
Notice Period
  • In the case of an "indefinite" employment contract, a notice period of a minimum of 30 days or a maximum of three months must be provided.
  • For "limited" employment contracts, a minimum of 3 months' notice must be provided.
Severance Pay

The maximum severance payment is one month's salary for dismissal on specific grounds.


Probation Period

The probation period can go up to 6 months.


Tax Calculation

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BG
*
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Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation

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Bulgaria

Currency
Bulgarian lev (BGN)
Payroll Frequency
Monthly
Employer Taxes
18.92% - 19.62%

About 

Bulgaria

Bulgaria, part of the Balkans, neighbors many countries, including Romania, Serbia, and Macedonia. The country is home to two mountain ranges and has a coastline on the Black Sea.

Overview

Population
7,050,034
Language
Bulgarian
Capital
Sofia
Currency
Bulgarian lev (BGN)
Country code
+359
Min wage
650.00 BGN per month
Working hours
8 hours a day starting between 8am and 9am
Weekdays
Monday to Friday
Work hours per week
18.92% - 19.62%

Payroll

Cycle

Monthly

Avg employer tax

Social security and health insurance rates which are payable by the employer as well as the employee are about 31% of the employee’s gross salary.

Taxation

Tax breakdown - Employer
  • Social security (Pension): 7.66%
  • Additional obligatory social security: 2.8%
  • Sickness and maternity: 2.1%
  • Unemployment insurance: 0.6%
  • Professional and non-professional accident insurance: from 0.4 to 1.1%
  • Health insurance: 4.8%
VAT

The standard VAT rate in Bulgaria is 20%

Holidays / PTO

Public holidays
  • 1 Jan: New Year's Day
  • 3 Mar: Liberation Day
  • 30 Apr: Good Friday
  • 1 May: Holy Saturday
  • 1 May: Labor Day
  • 2 May: Easter Sunday
  • 3 May: Easter Monday
  • 4 May: Day off for Labor Day
  • 6 May: St. George's Day
  • 24 May: Culture and Literacy Day
  • 6 Sep: Unification Day
  • 22 Sep: Independence Day
  • 24 Dec: Christmas Eve
  • 25 Dec: Christmas Day
  • 26 Dec: Second day of Christmas
  • 27 Dec: Christmas holiday
  • 28 Dec: Christmas holiday
Sick days

Sick leave in Bulgaria is up to 18 months. The first three sick days are paid by the employer at 70% of the employee's daily gross remuneration. The following days are paid by social security at 80% or 90% of the employee's daily salary (if the employee has completed at least six months of service or social security contributions).

Maternity leave
  • Mothers are entitled to 410 days of maternity leave. 45 days can be used before birth. In addition, it is possible to transfer leave days to the father once the child reaches six months.
  • The country's National Health Insurance Fund pays for this leave at 90% of the parent's salary.
Paternity leave
  • Fathers are entitled to 15 days of paternity leave.
  • The country's National Health Insurance Fund pays for this leave at 90% of the parent's salary.

Termination

Termination Process
  • An employer can terminate an employment contract at any time with notice and justification.
  • The termination of employment can take place upon any of the exhaustive grounds outlined in the Bulgarian Labor code with valid reasons.
Notice Period
  • In the case of an "indefinite" employment contract, a notice period of a minimum of 30 days or a maximum of three months must be provided.
  • For "limited" employment contracts, a minimum of 3 months' notice must be provided.
Severance Pay

The maximum severance payment is one month's salary for dismissal on specific grounds.


Probation Period

The probation period can go up to 6 months.


Tax Calculation

*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
BG
*
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation