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Update - Bulgaria Increasing Maximum Monthly Social Security Basis in 2025

25 February 2025

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Proposed Changes

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Bulgaria

The Bulgarian Ministry of Finance has put forward updated budget legislation for 2025 that includes an increase in the maximum monthly basis from BGN 3,750 to BGN 4,130 with effect from 1 April 2025. This increase was previously planned to apply from 1 January 2025. Further, the legislation includes a scheduled increase in the basis to BGN 4,430 in 2026, BGN 4,730 in 2027, and BGN 5,030 in 2028. An increase in the minimum monthly basis from BGN 933 to BGN 1,077 for the self-employed (self-insured) from 1 April 2025 is also included, which would be maintained through 2028. Note,...