The key figures of Bulgarian labor law

BULGARIAN MINIMUM WAGE

BGN 933 (approximately EUR 460) per month

Most of the businesses in Bulgaria pay higher salaries than the minimum salary.

SOCIAL SECURITY CONTRIBUTIONS

Social security contributions are 13% charged (and retained) for the employee and 20% charged for the employer.

It nevertheless exists a social security contribution limit and social security contribution are not calculated for the part of the salary higher then :

BGN 3,750 (approximately EUR 1,850) per month

Above this limit, salaries are only subject to tax but not anymore to social contributions.

WAGE TAX RATE

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