The minimum monthly salary in Bulgaria is BGN 710, which reflects the minimum wage received for full-time work – 8 hours a day or 40 hours a week.
On the top of that, there is a different minimum insurance income depending on the job position of the employee and the employer’s economic activity based on which are paid the social and health contributions. For example, managers in different industries the minimum monthly insurance income varies between BGN 710 and BGN 1589.
The maximum insurance income in Bulgaria is BGN 3 400. Respectively, for a monthly salary over BGN 3 400, only personal income tax (10%) is due for the part exceeding the maximum insurance income.
Labor Accidents and Occupational Diseases fund covers cases of disability, death, temporary incapacity for work and temporary reduced working capacity due to labor accident or occupational disease. It ranges from 0.4 to 1.1% depending on the economic activity of the employer. The lowest is in the administrative sphere and the highest is in the construction and heavy industry business;
Health insurance in Bulgaria is obligatory and supplementary. The health insurance of the employees under employment contract is paid by the employer and for 3rd category of labour is split into 4.8% for the employer and 3.2% for the employee.
For the self-employed persons, the health insurance is at their expense. The unemployed in Bulgaria must pay a minimum of BGN 24.40 per month.