In 2006, the population in working age is 4,820,000 people, or 63% of the entire population. The population above working age is 1,740,000 people; and the one below working age is 1,200,000 people. There is a downward tendency for the entire population, which calls for the need of investment in human capital.
Pension, General illness and maternity, Unemployment contribution, Health insurance, Guarantee fund for salaries, Work accidents and job related illness
Bulgaria is making a considerable effort to offer the lowest corporate taxes in Europe. Corporate tax rate is 10% (the lowest in the European Union) and is 0% in areas of high unemployment.
Flat 10% income tax! Bulgaria at present practically has the lowest tax rates in Europe after the introduction of flat corporate and personal income tax rates of 10% in 2008. Over the last decade and a half, a number of countries, mostly in Eastern Europe, introduced flat-rate taxation.
As recruiting staff for your Bulgarian operations you do need to bear in mind some requirements that need to be followed to comply with local legislation. The link below shown a detailed description of common issues that employers need to consider while hiring and letting go of local personnel.
