Every new fiscal year brings key adjustments to social security and tax legislation in the Republic of Bulgaria, directly affecting self-employed professionals, freelancers, sole proprietors, and company shareholders (OOD/EOOD).
In this article, the team at STATUM Accounting Firm outlines the essential rules and deadlines you must follow in 2026.
1. Minimum and Maximum Social Security Thresholds
For 2026, social security thresholds for self-employed individuals in Bulgaria are determined as follows:
- Minimum Monthly Insurance Threshold for freelancers and company owners.
- Maximum Monthly Insurance Cap applying to all insured individuals.
When determining your advance monthly insurance income, it is essential to align it with your expected annual earnings to prevent large year-end reconciliation payments.
2. Monthly Payment Deadlines
Social security contributions on advance income must be remitted by the 25th day of the month following the month for which they are due:
- Example: Contributions for January must be paid by February 25th.
- Together with the payment, Declaration Form No. 1 must be submitted electronically to the National Revenue Agency (NRA).
3. Annual Income Reconciliation (Tables 1 and 2)
When filing the Annual Personal Income Tax Return under Art. 50 of the PIT Act (by April 30th), self-employed individuals must complete the Final Social Security Reconciliation Tables:
- Calculate total net taxable income for the year.
- Compare it against advance monthly payments made throughout the year.
- Pay any remaining balance due to NRA.
4. Why Partner with STATUM?
Self-employment compliance requires strict adherence to NRA deadlines to avoid penalties and interest. STATUM provides:
- Accurate monthly and annual social security calculations;
- Seamless electronic submission of Forms 1 & 6;
- Expert tax planning to legally optimize your overall tax burden.
Contact our offices in Sofia and Varna for a free initial consultation!