Currently, 21 out of the 27 EU member states have national minimum wages making Denmark, Italy, Cyprus, Austria, Finland and Sweden the exceptions. You'll still be able to stay in Bulgaria visa-free for up to 90 days in a 180-day period. Generally, this is all income derived as a result of . If you work on a full-time job, your wage may not be lower than the minimum threshold. Bulgaria's Minimum Wage is the lowest amount a worker can be legally paid for his work. Figures released on January 28 by EU statistics agency Eurostat showed that Bulgaria's minimum wage as of the start of 2022 is the equivalent of 332 euro. You don't need a visa or permit if you're travelling to Bulgaria for up to 90 days in a 180-day . The new minimum wages apply to current, pending, and new applications as of January 2021. The lowest amounts are recorded by the Baltic countries and those of eastern and central Europe, followed by the states of southern Europe. At a Glance. The amount of BGN 710 will be maintained in 2023 and 2024. Since the beginning of last year, the . The Confederation of Independent Trade Unions in Bulgaria insist that in 2022 minimum wage in the country should amount to BGN 764 and the average to be BGN 1,729. However, he did not say exactly how much the MW would be increased in the country and when such a proposal would be . According to CITUB data, 500,000 working Bulgarians receive minimum monthly salary of 332 euros. And we are here speaking about real local jobs from Bulgarian companies. The government determines the minimum monthly wage in Bulgaria. Minimum Wage and Poverty in Bulgaria. There is a single national minimum wage in the country determined by a decree. Optional: Select Advanced and enter your age to alter . Labour Code as well as separate decrees have provisions on the minimum wage. The compensation in case of incapacity of work is defined according to the minimum wage. Follow these simple steps to calculate your salary after tax in Bulgaria using the Bulgaria Salary Calculator 2022 which is updated with the 2022/23 tax tables. AICB even calculates the ratio of minimum to average at 50,55% which is 7% more than the EU-average. The minimum hourly wage is BGN 3.37 (EUR 1.72) expected to be BGN 610. (Table 5) Once the cost of living has been accounted for, this is equal to . What is minimum wage in Bulgaria? $2,500 to $3,999. We have a plan for your needs. The poorest country in the European Union in 2022 is Bulgaria. The minimum monthly wage will continue to increase - to 610 BGN (= 311 ) from 2020 and to 650 BGN (= 332 ) from 2021. Latest update 04.04.2022. Per month. BGN710.00. These minimum rates apply to everyone, irrespective of their age, industry and experience. Bulgaria's minimum wage was last changed in 1-Jan-2016. According to Article 341 of the code of civil procedure, the minimum wage is unseizeable. The change apples to EU ICT permit holders, EU nationals, and Combined Permit holders. The national minimum wage in Portugal in 2019 is 600 per month. There are . Minimum Wages in Bulgaria increased to 363 EUR/Month in the first quarter of 2022 from 332.34 EUR/Month in the third quarter of 2021. source: EUROSTAT. The provisions regarding the minimum wage are valid for all employees working in Bulgaria. Bulgaria Income Tax Rates and Personal Allowances. This page was last updated on: 2021-09-01 . An employment contract is defined as an agreement between an employer and an employee, whereby the latter commits to working for, and under the management and supervision of, the former in return for a wage. At the same time, the minimum wage in Bulgaria is 286 or 45% of the average salary. The new broad coalition government plans to increase the minimum gross wage from January 1, 2022 to 2,550 lei (515 euros). The minimum wage in Turkey jumped by 30% - Balkans. The minimum salary in Romania in 2022 is 2,550 Lei gross or 1,524 Lei net. Based on a population of nearly 7 million people, this means . The new minimum wage levels apply to EU Intra-Company Transferee Permit holders, EU nationals, and Combined Permit holders. 2022-07-04T05:00:29.408Z. Minimum Wage in Bulgaria. A day before the start of the election campaign, the trade unions reminded political parties that achieving decent incomes and living standard is only possible due to accelerated wage growth (by 12. On January 1 next year the minimum monthly salary in Bulgaria will increase with 10.9% to EUR 255, the Bulgarian cabinet decided on Wednesday. At present, the minimum wage in Bulgaria is 286 or 45% of the average salary. Their national minimum wages ranged from 537 in Croatia to 941 in Slovenia; Minimum Wage in Bulgaria - 2022 june. A minimum wage (MW) increase in Bulgaria is imminent. As a result of the researches, it has been determined that a person needs a minimum of 300 euros and a maximum of 500 euros for the average monthly cost of housing. The . The measure was approved at an extraordinary meeting of the National Council for Tripartite Cooperation today.. Annually the amount is 3 436 EUR per year. More information here (in Bulgarian). Choose a specific income tax year to see the Bulgaria income . Minimum wage (per month) Geneva Luxembourg Australia Bulgaria Angola Tanzania Venezuela 3 HIGHEST 3 LOWEST Payroll Payroll Cycle The payroll cycle in Bulgaria is generally monthly, with payment being made on the last working day. Net average monthly salary (adjusted for living costs in PPP) The countries and territories on the map have a net average monthly salary (adjusted for living costs in PPP) of: Purple. The provisions regarding the minimum wage are valid for all employees working in Bulgaria. Portugal's minimum wage is updated annually considering the cost of living, national productivity, and the government's prices and incomes policy. Foreign nationals typically receive salaries well above this threshold, since their salaries must also be in line with market rates and collective bargaining agreements. Minimum Wages - last checked - 12/31/21. Expressed in euro, monthly minimum wages vary widely across the EU, ranging from 332 in Bulgaria to 2 202 in Luxembourg ( 2021 data from Eurostat ). The higher minimum salary is expected to encourage the unemployed Bulgarians and reduce the. In Bulgaria, there is a social and a minimum pension. As of March 2022, the minimum wage in Bulgaria is 650 BGN (USD 366) per month for full time employees . The minimum wage in Portugal is part of Portuguese . Per Hour. At present, the minimum wage in the EU countries that have similar living standard to Bulgaria (Latvia and Romania) is approximately 440. This means that, compared to last year, the . Minimum Wage. For the purposes . Play Sound Minimum wage in Bulgaria, by year: Year Euros / mnth 2016: 214 2015: 184 2014: 174 2013: 158 2012: 138 2011: 122 2010: 122 2009: 122 2008: 112 2007: 92 2006: 81 2005: 76 2004 . Obi-Wan Takes the High Ground! 22 of the 28 Member States of the European Union have national minimum wages, ranging from under 300 euros/month in Bulgaria to just above 2 000. Orange. This is also for registered farmers and tobacco growers. From July 1, the minimum wage in Turkey became 6,471 Turkish lira (to 725 leva), which is an increase of 30 percent, Turkish media reported, BTA . International Minimum Wage Rates 2022 Minimum-Wage.org provides a database of international minimum wage rates and labor law information for countries around the world. The largest increases were recorded in Spain . A single adult Bulgarian on the minimum wage in the UK would take home 254 or five times his wage at home which is worth 49 once the cost of living is accounted for. The estimates for the different options for its increase are currently being prepared", said Deputy Prime Minister and Minister of Labor and Social Policy State Galab Donev. Effective January 1, 2020, the minimum monthly wage in Bulgaria has increased to BGN 610, up 8.9 percent from 2019. In January 2021, 10 member states, in the eastern part of the EU, had minimum wages below 700 euro per month: Bulgaria (332 euro), Hungary (442 euro), Romania (458 euro), Latvia (500 euro), Croatia (563 . In North Macedonia the minimum pay . According to official data from the Bulgarian National Statistical Institute, the average salary in Bulgaria in 2022 is 1,612 lev per month, which corresponds to 900 dollars. You'll have to pay a small amount for most other medical services, for example: from 2.90 Bulgarian leva for . This is set from the national minimum wage. The monthly minimum wage will rise from 650 levs (333) to 710 levs (364), while the wage ceiling to which social security contributions are tied will increase from 3,000 levs (1,537) to 3,400 levs (1,742). From 1st of January 2021 the minimum monthly wage in Bulgaria is in the amount of 650 BGN (= 332 ). According to Article 341 of the code of civil procedure, the minimum wage is unseizeable. The minimum monthly wage as of January 2021 is BGN650 and the minimum hourly rate is BGN3.92. There are no maximum salary caps or mandatory payment methods that apply to the payment of employment remuneration in Bulgaria. It is quite low compared to many other EU countries. Average salary in Bulgaria. The compensation in case of incapacity of work is defined according to the minimum wage. Advanced users can use our Python/R/Matlab packages. The maximum rate of minimum wage for employees was 332 EUR/Month and minimum was 31.19 EUR/Month. At a discussion forum on restricting low-paid labour, data were made public that over 870,000 people in Bulgaria receive minimum monthly pay, or close to that sum. The minimum wage is the lowest hourly/monthly remuneration that an employer must pay to its workers (irrespective of the age group). Data show that in the whole of Europe, Albania and Montenegro are the only countries in which the minimum salary is lower than it is in Bulgaria. As of the start of 2022, Bulgaria has the lowest minimum wage (332) among European Union countries, EU statistics agency Eurostat said on Friday (Jan. 28). Minimum wage in Bulgaria Edit Edit source History Talk (0) watch 01:52. We are not speaking . Renting a good two-bedroom apartment in a nice neighbourhood of Sofia will cost you around 700 - 800 BGN (Bulgarian Lev), about 300 - 340. Minimum Wages Regulations - Bulgaria; Work and Wages. World Map Gender Pay Gap Minimum Wage General The minimum wage is 710.00 BGN per month. Minimum wage in Bulgaria. - The Loop. The change apples to EU ICT permit holders, EU nationals, and Combined Permit holders. Emergency healthcare is free in Bulgaria. Standard users can export data in a easy to use web interface or using an excel add-in. According to estimates, the required net income for 1 adult living alone in Bulgaria is 546 euros a month. The minimum net wage is 550 leva a month, which amounts to 281. As of 1 January 2022, Latvia's 500 euro per month minimum wage was the second-lowest in the European Union, with only Bulgaria having a smaller minimum wage according to Eurostat data published January 28. In a country where the minimum wage is 286 (245) a month, according to Eurostat, rents and utilities are low and a foreign pension can go a long way. Accordingly, the minimum hourly wage is 3.92 BGN (= 2 ), for normal duration of working time - 8 hours, 5 days a week. Blue. Currently, in Bulgaria, if you work 40 hours a week: The minimum gross wage is 710 leva a month, which amounts to 363; The minimum net wage is 550 leva a month, which amounts to 281; If you work on a full-time job, your wage may not be lower than the minimum threshold. Toggle main menu visibility Salaries. Gender Pay Gap. 21 out of the 27 EU Member States have national minimum wages, making Denmark, Italy, Cyprus, Austria, Finland and Sweden the exceptions. This is based on 14 payments in a year, or 700.00 based on 12 payments. Published by Statista Research Department , Feb 1, 2022. According to estimates, the required net income for 1 adult living alone in Bulgaria is 546 euros a month. The fork ranges from 332 per month in Bulgaria to 2,256 in Luxembourg. In principle, he minimum gross wage raises . Even if this happens, the minimum wage in Bulgaria will still be the lowest in the EU. This means that somebody on minimum wages would bring home around 310 Euros each month. Foreign nationals typically receive salaries well above this threshold, since their salaries must also be in line with market rates and collective bargaining agreements. For example, while the minimum wage in Bulgaria in 2022 is 330 euros per month, in Luxembourg it is 2,256.95 euros. In Bulgaria a family on the minimum wage would have a weekly income of 74 Bulgarian Lev. above $4,000. Non-residents are taxed in Bulgaria only on their Bulgarian-source income, which has a very broad legal definition. Accounting and Finance salaries in Bulgaria range from 1,380 BGN per month (minimum average salary) to 6,830 BGN per month (maximum average salary, actual maximum is higher). The minimum wage increase does not affect EU Blue Card holders. Since the start of last year, the largest trade unions in Bulgaria have insisted on raising the minimum wage . Poverty in Bulgaria reached a prevalence rate of 7.5% in 2017. Minimum wage in Bulgaria, January 1999 - June 2022: For that indicator, we provide data for Bulgaria from January 1999 to June 2022. While the highest amounts, consistent with the standards for wages in general and . True, this sounds extremely low for a Frenchman. The 21 EU member states that have national minimum wages can be divided into three main groups based on their levels in euro, Eurostat said. At a Glance Effective January 1, 2020, the minimum monthly wage in Bulgaria has increased to BGN 610, up 8.9 percent from 2019. The annual rate of the income tax for individual single taxpayers in Bulgaria also remains at 10% in 2021. Across Bulgaria, minimum wage levels are now BGN 650 per month, which is a 6.6% increase from minimum wage levels in 2020. Who is Affected? Of the 21 European Union countries that have a national minimum wage, Bulgaria again has the lowest, continuing a trend that has lasted for years. Housing and property in Bulgaria. Minimum Salary in Sofia, Bulgaria The gross minimum salary in Sofia, Bulgaria is of 610 Bulgarian lev per month gross (approximately 311 EUR or 346 USD) as of 2020. Enter Your Salary and the Bulgaria Salary Calculator will automatically produce a salary after tax illustration for you, simple. The minimum pension is 115% of the social pension; the minimum pension is paid to individuals with low income and/or an incomplete work history. Comparison of the minimum salary rates in the EU countries. (Table 4) 15. Bulgaria has a government-mandated minimum wage which, in 2019, was 286 EUR per month. The amounts are in Bulgarian Lev. Of course, this cost scale varies according to the city you want to live in Bulgaria, as it does everywhere in the world. Bulgarian minimum wages were increased by 40 BGN (6.6%) compared to 2020. In the public sector, Bulgarian specialists earn about 1,775 lev, while in the private sector they earn about 1,558 lev. The Parliament approved on second and final reading an increase in the minimum wage and the social security ceiling proposed by the government as part of the budget for 2022. Bulgaria was one of 12 member states, in . At a Glance Effective January 1, 2020, the minimum monthly wage in Bulgaria has increased to BGN 610, up 8.9 percent from 2019. The average gross monthly salary in Sofia is around BGN 1500 (EUR 750), resulting in a net salary (after tax and social levies) of about BGN 1,200 (EUR 600). Most countries have a nation-wide minimum wage that all workers must be paid. Foreign nationals typically receive salaries well above this threshold, since their salaries must also be in line with market rates and collective bargaining agreements. Review the latest income tax rates, thresholds and personal allowances in Bulgaria which are used to calculate salary after tax when factoring in social security contributions, pension contributions and other salary taxes in Bulgaria. The minimum wage is defined as a monthly minimum labour remuneration . The minimum rates apply to everyone, no matter of their age, industry and experience. In this case, the German Mindestlohnkommission (Minimum Wage Commission) used their room for manoeuvre and recommended the calculated increase of +11.8% over two years, to be granted in four stages: the first in January 2021 being more moderate (+1.6%), then further increased to 9.60 in July 2021, and two more substantial increases in . At a Glance. Bulgaria - Parliament approves increase in minimum wage - February 28, 2022. Minimum wage. Salary. The government regulates and reviews the minimum wage on an annual basis. The average gross annual salary in Bulgaria had a relatively slow increase in the early . The average value for Bulgaria during that period was 289.87 currency units with a minimum of 61 currency units in January 1999 and a maximum of 650 currency units in January 2021. As can be seen in chart 1, the minimum salary in the European Union widely varies from country to country: Bulgaria has a minimum subsistence wage of 332.34 , and Luxembourg has a maximum subsistence wage of 2'201.93 . This table provides a summary comparision of international minimum wage rates with a calculated yearly minimum wage rate for each country in International Dollars , a measure of currency based on the United States dollar in 2009. In principle, he minimum gross wage raises . Bulgarian tax residents are taxed on their worldwide income. Additionally, depending on the industry and the occupied position, the law provides minimum social security thresholds. This is recorded in the draft law on the state budget of the Republic of Bulgaria for 2022, which was published by the Ministry of Finance together with the updated medium-term budget forecast for the period 2022-2024. From the increase of 250 lei gross, people will actually reach 138 lei (nearly 28 euros). However, note that the statistics do not take into . The Confederation of Independent Trade Unions, CITUB has demanded that the minimum monthly salary for this year be raised to 730 Leva (EUR 373), instead of 710 Leva (EUR 363), as proposed by Minister of Finance Assen Vassilev. Individual - Taxes on personal income. In GREECE, the minimum wage was 758 euros gross in 2021. Employers who fail to pay the minimum wage may face negative consequences. Do you like this video? This relatively high proportion . The minimum wage will increase from BGN 650 to BGN 710 from January 1, 2022. Minimum wage with effect till December 31, 2022. The Bulgarian government has increased minimum wages to BGN 650 per month in 2021. The social pension is available to people aged 70 and over whose annual income per family member was less than the national guaranteed minimum income for the 12 months preceding retirement. Minimum Wage. The minimum wage is defined as a monthly minimum labour remuneration . In accordance with article 48(5) of the Constitution, workers and employees have the right to guaranteed minimum pay. This is a small increase compared to last year's minimum salary which was 2,350 lei gross and around 1,413 Lei Net (or 290 Euros). Their national minimum wages ranged from 312 in Bulgaria to 461 in Romania; Group II: National minimum wages were at least 500 but lower than 1 000 per month: Croatia, Czechia, Slovakia, Poland, Estonia, Lithuania, Portugal, Greece, Malta and Slovenia. Average gross annual salary in Bulgaria 2000-2019. Salaries in Bulgaria range from 840 BGN per month (minimum salary) to 14,700 BGN per month (maximum average salary, actual maximum is higher). Many common jobs reside within low-skilled labor, such as security guards, factory workers or shop assistants. Individuals are taxed in Bulgaria based on their tax residency status. This fact is confirmed by many economic indicators. The general minimum wage in Bulgaria is $315.01 (560 BGN) per month and $1.90 (3.37 BGN) per hour as of 2019. Effective January 1, 2020, the minimum monthly wage in Bulgaria has increased to BGN 610, up 8.9 percent from 2019. The hourly minimum wage rate in Bulgaria is 3.92 lev (2 dollars). Chart 1. Information about the most important events in politics, show business, sports and . Since 01.01.2019 it is in the amount of 560 BGN (= 286 ). The average salary in Bulgaria is around 400 euros per month. The amounts are before tax. In the EU, 21 out of 27 countries have a statutory minimum wage, while in the other six (Austria, Cyprus, Denmark, Finland, Italy and Sweden) wage levels are determined through collective bargaining. With a Decree 37 of 24 March 2022, the Council of Ministers decided that the new monthly minimum wage for the country, effective from 1 April 2022, shall amount to 710 BGN and the minimum hourly wage shall amount to 4.29 BGN, at normal duration of the working time of 8 hours and a 5-day working week. Accordingly, the minimum hourly wage is 3.37 BGN (= 1.72 ), for normal duration of working time - 8 hours, 5 days a week. Minimum wage in Bulgaria. Employees must be compensated at the market salary rate or collective bargaining rate. Bulgaria 's minimum wage is one of the lowest in the European Union at BGN 610 per month, or $350.4 in the United States. Despite the fact that most of the salaries are bellow 1 000 euros per month, there are still jobs which pay extremely well, especially in I.T. Foreign nationals typically receive salaries well above this threshold, since their salaries must also be in line with market rates and collective bargaining agreements. The Bulgarian government has increased minimum wages to BGN 650 per month in 2021. BNR The minimum wage in Bulgaria will be BGN 710 (363 EUR) from April 1, 2022. Minimum Wages in Bulgaria increased to 363 EUR/Month (379.39 USD/Month) in the first quarter of 2022. 421 (24%) of the 1 770 adverts with specified wages and working time and 1 346 (31.5%) of the total of 4 270 jobs with specified wages and working time (some adverts apply to more than one vacancy) were for a payment less than 420 BGN for an 8-hour working day (the level of the minimum wage from January 1, 2016). Currently, in Bulgaria, if you work 40 hours a week: The minimum gross wage is 710 leva a month, which amounts to 363. Median Salary The median salary is 3,370 BGN per month, which means that half (50%) of the population are earning less than 3,370 BGN while the other half are earning more than 3,370 BGN. In 2021, the minimum wage in Bulgaria is BGN 650 (EUR 332). Minimum wage with effect from January 1, 2022. According to CITUB data, 500,000 working Bulgarians receive minimum monthly salary of 332 euros. This minimum wage is valid not only in Sofia, but in all countries and not is not bound just to specific sectors of the economy. The nominal rates of statutory minimum wages were increased in the majority of EU countries in January 2019, compared to the same reference month in 2018, the range extending from 286 in Bulgaria (BGN 560) to 2,071 in Luxembourg per month for a full-time working employee. No worker in the country should earn less than the minimum government-mandated pay rate. Median Salary The median salary is 3,470 BGN per month, which means that half (50%) of people working in Accounting and Finance are earning less than 3,470 BGN while the other half are earning more than 3,470 BGN. The new minimum wages apply to current, pending, and new applications as of January 2021. 9. Employment Contracts. The Bulgaria minimium wage rate is 420 Bulgarian lev per month,for all workers. Novini.bg - Current news - today's news and latest news from Bulgaria and the world. In the rest of the country, the average gross salary is around BGN 1,000 (EUR 500), but with important regional diversity. General Minimum Wage. The average after-tax income of Bulgarians is just over 590 euros per month. New rates for 2019. But again, the EU average is calculated at 811 EUR minimum to 1870 EUR average salary which are figures nowhere near the painfully low rates Bulgarian workers "enjoy". Net monthly minimum wage Monthly minimum wage Monthly minimum wage Hourly rate Hourly rate Exchange rate Effective at USA: 1,000: 1,050 $1256 (40-hour workweek) 7.25 6.05 1.20 24 July 2009 BULGARIA. Employees must be compensated at the market salary rate or collective bargaining rate.