Tax amendments in Bulgaria since the beginning of 2022

The maximum insurance income became BGN 3,400 as of April 1

As of April 1, the maximum insurance income increased by 13.3% to BGN 3,400. This was decided by the deputies from the ruling majority in the second reading of the State Social Security Act after hours of debate in March.

Furthermore, the minimum wage was also increased by BGN 60 to BGN 710, and the insurance income for farmers increased by BGN 270 to the level of the minimum wage. Thus, the cost of insurance for these people (about 30 thousand) increased by BGN 95 per month.

On 15th of June, the press center of the National Social Security Institute (NSSI) announced that the amount of the average insurance income for the country is BGN 1,306.77 as per April, 2022.

The average monthly insurance income for the country for the period from 01.05.2021 to 30.04.2022 is BGN 1191.96, specified by the National Social Security Institute.

The determined average monthly insurance income for the country for the specified period serves in calculating the amounts of newly granted pensions in May 2022, according to Art. 70, para. 3 of the Social Security Code.