Bulgaria has a population of more than 7 million people, with industry, mining, and agricultural  sectors leading the economy. The corporate tax rate is 10%, with advance tax payments submitted on a monthly or quarterly basis.

Labor and Payroll Considerations in Bulgaria:

  • Employment contracts must be in writing, with 2 types of employment contracts recognized – both temporary and permanent
  • Minimum wage is 610 leva per month ($340 USD)
  • Employers need to register with the Commercial Register
  • Employers need to notify the National Revenue Agency of new hires
  • Income tax and social security are withheld from employee pay
  • Employers must also contribute social security
  • Generally, foreign workers who are not EU, EEA, or Switzerland nationals need a work and residence permit

Getting started in Bulgaria or simplifying current operations is easy with Blue Marble global payroll solutions. Our cloud-based technology and customized reporting gives you real-time access to your payroll across all countries and currencies. To learn more about payroll in Bulgaria, click here