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BG Tax 2023

37.5k Salary After Tax in Bulgaria 2023

This Bulgaria salary after tax example is based on a в 37,500.00 annual salary for the 2023 tax year in Bulgaria using the income tax rates published in the Bulgaria tax tables. The 37.5k salary example provides a breakdown of the amounts earned and illustrates the typical amounts paid each month, week, day and hour. This is particularly useful if you need to set aside part of your income in Bulgaria for overseas tax payments etc.

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Introduction

Welcome to iCalculator™ BG (Bulgaria), this page provides a в 37,500.00 Income Tax Calculation for a tax resident of Bulgaria with example of income tax and payroll deductions. This 37.5k salary example uses a generic salary calculation example for an individual earning 37.5k per year based on the 2023 personal income tax rates and thresholds. The 37.5k salary example is great for employees who have standard payroll deductions and for a quick snapshot of the take home amount when browsing new job opportunities in Bulgaria, for those who want to compare salaries, have non-standard payroll deductions of simply wish to produce a bespoke tax calculation, we suggest you use the 2023 Salary Calculator for Bulgaria which includes payroll deductions for residents and non-residents, or access one of the income tax or payroll calculators from the menu or BG Tax main page.

37.5k Salary Snapshot

The graphic below illustrates common salary deductions in Bulgaria for a 37.5k Salary and the actual percentages deducted when factoring in personal allowances and tax thresholds for 2023. You can find the full details on how these figures are calculated for a 37.5k annual salary in 2023 below.

  • 8.8%в 3,300.00
    Income Tax
  • 12%в 4,500.00
    Social Security
  • 79.2%в 29,700.00
    Net Pay
  • 121.9%в 45,712.50
    Salary Package

Periodic Payroll Deductions Overview

The Periodic Payroll Deductions Overview table for this 37.5k salary after tax example in 2023 highlights the payroll deduction results for Bulgaria. This is a crucial resource for both employers and employees in Bulgaria. It is designed to provide a comprehensive breakdown of all the deductions that are taken out of an employee's gross salary, in accordance with Bulgaria tax laws and social contributions. This includes, but is not limited to, income tax, social security contributions, retirement fund contributions, and any other mandatory or voluntary payroll deductions in Bulgaria. iCalculator™ BG's aim is to provide a transparent and informative snapshot, enabling individuals to understand exactly how their net salary on в 37,500.00 is calculated in Bulgaria and where their money is going. For employers, it offers a systematic way to calculate deductions and the true cost of employment for a в 37,500.00 salary, ensuring compliance with employment, legal and obligations in Bulgaria.

Bulgaria в 37,500.00 Income Tax Calculations for 2023
YearlyMonthly4 Weekly2 WeeklyWeeklyDailyHourly%1
Income37,500.003,125.002,884.621,442.31721.15148.2220.60100.00%
Social Security Contributions4,500.00375.00346.15173.0886.5417.792.4712.00%
Taxable Income33,000.002,750.002,538.461,269.23634.62130.4318.1388.00%
Income Tax Due3,300.00275.00253.85126.9263.4613.041.818.80%
Total Deductions7,800.00650.00600.00300.00150.0030.834.2920.80%
Salary After Tax29,700.002,475.002,284.621,142.31571.15117.3916.3279.20%
Employer Social Security Contributions8,212.50684.38631.73315.87157.9332.464.5121.90%
Cost of Employee45,712.503,809.383,516.351,758.17879.09180.6825.12121.90%

Income Tax Calculation in 2023

The table below provides the calculations for Personal Income Tax (PI) deductions on a в 37,500.00 in 2023. Note that this PIT calculation is based on the annual taxable income.

Bulgaria: Resident Income Tax Calculation 2023
в 0.00 and over10%в 3,300.00

=Total Income Tax Dueв 3,300.00

Annual Taxable Income Considerations

Annual taxable income is a key term in personal finance and taxation that refers to the amount of money an individual earns in 2023 that is subject to taxation in Bulgaria. This is not to be confused with gross income, which is the total money earned before any deductions. Annual taxable income is calculated by taking the gross income and subtracting allowable deductions in line with Bulgaria tax law, such as certain expenses, allowances, and exemptions as defined by Bulgaria tax regulations. Note that not all allowances are applied in the в 37,500.00 salary example, please use the dedicated salary and tax calculators we provide for a tailored result.

Bulgaria: Taxable Income Calculation 2023
в 37,500.00Annual Income in 2023
-в 4,500.00Bulgaria Employees Social Security Contributions on в 37,500.00 in 2023

=в 33,000.00Your Taxable Income in 2023

Employee Social Security Calculation

The table below provides example of employee social security deductions applied to a в 37,500.00 Salary in Bulgaria in 2023.

Bulgaria: Employee Social Security Contributions Calculation 2023
в 3,150.00Bulgaria Employees Social Security Contributions for Pensions in 2023
+в 0.00Bulgaria Employees Social Security Contributions for Common Disease and Maternity in 2023
+в 150.00Bulgaria Employees Social Security Contributions for Unemployment in 2023
+в 1,200.00Bulgaria Employees Social Security Contributions for Health Insurance in 2023
+в 0.00Bulgaria Employees Social Security Contributions for Industrial Accidents and Occupational Diseases Fund in 2023

=в 4,500.00Bulgaria Employees Social Security Contributions on в 37,500.00 in 2023
Bulgaria: Employee Social Security Contributions Calculation for Pensions 2023
в 37,500.00Salary in 2023
x8.4%Bulgaria Employee Social Security Contribution Rate for Pensions in 2023

=в 3,150.00Bulgaria Employees Social Security Contributions for Pensions on в 37,500.00 in 2023
Bulgaria: Employee Social Security Contributions Calculation for Common Disease and Maternity 2023
в 37,500.00Salary in 2023
x0%Bulgaria Employee Social Security Contribution Rate for Common Disease and Maternity in 2023

=в 0.00Bulgaria Employees Social Security Contributions for Common Disease and Maternity on в 37,500.00 in 2023
Bulgaria: Employee Social Security Contributions Calculation for Unemployment 2023
в 37,500.00Salary in 2023
x0.4%Bulgaria Employee Social Security Contribution Rate for Unemployment in 2023

=в 150.00Bulgaria Employees Social Security Contributions for Unemployment on в 37,500.00 in 2023
Bulgaria: Employee Social Security Contributions Calculation for Health Insurance 2023
в 37,500.00Salary in 2023
x3.2%Bulgaria Employee Social Security Contribution Rate for Health Insurance in 2023

=в 1,200.00Bulgaria Employees Social Security Contributions for Health Insurance on в 37,500.00 in 2023
Bulgaria: Employee Social Security Contributions Calculation for Industrial Accidents and Occupational Diseases Fund 2023
в 37,500.00Salary in 2023
x0%Bulgaria Employee Social Security Contribution Rate for Industrial Accidents and Occupational Diseases Fund in 2023

=в 0.00Bulgaria Employees Social Security Contributions for Industrial Accidents and Occupational Diseases Fund on в 37,500.00 in 2023

This completes the overview of employee deductions, we will now turn our focus to employer payroll deduction and employment cost calculations for this в 37,500.00 Salary in Bulgaria in 2023.

Total Cost of Employee Calculation

The total cost of an employee in Bulgaria earning an annual salary of в 37,500.00 in 2023 is an important figure for employers in Bulgaria as it permits staff costing planning and analysis, this can be particularly useful when planning recruitment and setup costs for hiring a new employee in Bulgaria in 2023.

Bulgaria Cost of Employee Earning в 37,500.00 Salary per Annum Calculation
в 37,500.00Annual Salary in 2023
+в 8,212.50Bulgaria Employers Social Security Contributions on в 37,500.00 in 2023

=в 45,712.50Total Payroll cost of Employee in Bulgaria in 2023

Employer Social Security Calculation

The information below illustrates the employer social security deductions applied to a в 37,500.00 Salary in Bulgaria in 2023.

Bulgaria: Employer Social Security Contributions Calculation 2023
в 4,500.00Bulgaria Employers Social Security Contributions for Pensions in 2023
+в 1,312.50Bulgaria Employers Social Security Contributions for Common Disease and Maternity in 2023
+в 225.00Bulgaria Employers Social Security Contributions for Unemployment in 2023
+в 1,800.00Bulgaria Employers Social Security Contributions for Health Insurance in 2023
+в 375.00Bulgaria Employers Social Security Contributions for Industrial Accidents and Occupational Diseases Fund in 2023

=в 8,212.50Bulgaria Employers Social Security Contributions on в 37,500.00 in 2023
Bulgaria: Employer Social Security Contributions Calculation for Pensions 2023
в 37,500.00Salary in 2023
x12%Bulgaria Employer Social Security Contribution Rate for Pensions in 2023

=в 4,500.00Bulgaria Employers Social Security Contributions for Pensions on в 37,500.00 in 2023
Bulgaria: Employer Social Security Contributions Calculation for Common Disease and Maternity 2023
в 37,500.00Salary in 2023
x3.5%Bulgaria Employer Social Security Contribution Rate for Common Disease and Maternity in 2023

=в 1,312.50Bulgaria Employers Social Security Contributions for Common Disease and Maternity on в 37,500.00 in 2023
Bulgaria: Employer Social Security Contributions Calculation for Unemployment 2023
в 37,500.00Salary in 2023
x0.6%Bulgaria Employer Social Security Contribution Rate for Unemployment in 2023

=в 225.00Bulgaria Employers Social Security Contributions for Unemployment on в 37,500.00 in 2023
Bulgaria: Employer Social Security Contributions Calculation for Health Insurance 2023
в 37,500.00Salary in 2023
x4.8%Bulgaria Employer Social Security Contribution Rate for Health Insurance in 2023

=в 1,800.00Bulgaria Employers Social Security Contributions for Health Insurance on в 37,500.00 in 2023
Bulgaria: Employer Social Security Contributions Calculation for Industrial Accidents and Occupational Diseases Fund 2023
в 37,500.00Salary in 2023
x1%Bulgaria Employer Social Security Contribution Rate for Industrial Accidents and Occupational Diseases Fund in 2023

=в 375.00Bulgaria Employers Social Security Contributions for Industrial Accidents and Occupational Diseases Fund on в 37,500.00 in 2023

How to calculate income tax in Bulgaria on a в 37,500.00 Salary

Income tax in Bulgaria is calculated using 2023 income tax rates and thresholds, these are different for resident taxpayers and non-resident taxpayers. In this Salary Example we use the resident tax tables to produce the Bulgaria salary example, you can calculate non-resident salary examples on the Bulgaria Tax Calculator.

About this tax calculation

We used the following information from the Bulgaria Tax Calculator for the 2023 tax years to work out your salary after tax on this в 37,500.00 salary example. We made estimates for the amount of expenses incurred for education and medical expenses and also the amount you give to charity. These assumptions are for the salary illustration only, you can edit these and produce your own specific salary example using the Bulgaria Salary After Tax Calculator

Note: The 2023 Bulgaria Tax Calculator tool is provided for your use, if you spot a bug, a mistake in the tax rates, thresholds or calculations OR you would like additional tax considerations added to the Bulgaria Salary Calculator, please contact us. We will make alterations as a priority to ensure this salary example supports our users who live and work in Bulgaria or are relocating to Bulgaria in 2023 (whether you have resident tax status in Bulgaria or an expat in Bulgaria).

If you are an expat living and working in a different country, you can choose an alternate salary calculator to calculate your salary after tax, iCalculator™ BG provides salary calculators for most countries around the globe and has world tax calculators that allow you to run tax comparisons by country.

Similar Salary Examples in the 37.5k earning range

You may also find the following salary examples for Bulgaria useful as they were viewed by others who viewed the в 37,500.00 salary example.:

Note: This salary example is for a resident of Bulgaria, if you are a non-resident, you can produce a salary example using the 2023 Bulgaria Salary Calculator