BULGARIAN MINIMUM WAGE
- BGN 650 (approximately EUR 332) per month
Most of the businesses in Bulgaria pay higher salaries. The minimum wage is also a base of calculation for some social levies like health charges on unpaid vacations.
CAP ON SOCIAL SECURITY CONTRIBUTIONS
- BGN 3,000 (approximately EUR 1,500) per month
Above this ceiling, salaries are only subject to tax but not anymore to social levies
WAGE TAX RATE
- 10%
NUMBER OF HOURS PER WEEK
- 40 hours/week
THE NORMAL LENGTH OF A WORKING DAY
- 8 hours
NUMBER OF WEEKS OF VACATION PER YEAR
- Minimum 4 weeks a year
OVERTIME INCREASE COEFFICIENT
- 50% after 8 hours a day Monday to Friday
- 75% on weekends
- 400% on public holidays
NEED TO DRAFT AN INTERNAL REGULATION
- From 1 employee
EMPLOYEE AFFILIATION PERIOD
The deadline to register employment contracts with the National Revenue Agency is:
- Within 3 days of the conclusion of the employment contract and before the actual start date of work
- Within 7 days of the end of the employment contract
LENGTH OF NOTICE IN THE EVENT OF DISMISSAL OF AN EMPLOYEE
- From 1 month to 3 months (with the possibility of financial compensation in case of lack of notice).
LENGTH OF NOTICE IN CASE OF RESIGNATION
- 1 to 3 months for indeterminate employment contracts
- 3 months for fixed-term employment contracts
These notices can be replaced by financial compensation.
MAXIMUM TERM OF A FIXED-TERM CONTRACT
- 3 years old
MAXIMUM DURATION OF THE TRIAL PERIOD
- 6 months
MINIMUM AGE TO ENTER INTO AN EMPLOYMENT CONTRACT
- 16 years old
MINIMUM RETIREMENT AGE
- 64 years and 4 months or 39 years of career for men
- 61 years and 8 months or 36 years of career for women
Update: April 2019