Working in the international market, it is important for our clients to quickly learn about news in the countries where they have representative offices. We are always aware of updates to the labor legislation of the countries where we provide business support and inform our clients in advance about payment standards or benefits.
Bulgaria: Changes in salary taxation 2024
The Maximum taxable income has been raised by the Bulgarian government, effective as of January 2024, to BGN 3750 (from BGN 3400), which means that the maximum amount of the Total Employer’s taxes is increased with approximately 10.29%: from 646.68 BGN (330.64 EUR) to 713.25 BGN (364.68 EUR).
Estonia: Minimum wage increase 2024
Starting from Jan 2024, min monthly wage has been increased. It is equal to 820 EUR. Accordingly, the minimum amount of the minimum social contributions will increase and it will be equal to 239,25 EUR.
Serbia : Changes in salary taxation 2024
The maximum taxable base has been increased by local authorities, effective as of January 2024, to 573 470 RSD (from 500 360 RSD in 2023).
With the new taxation monthly Employer costs will increase with approximately 95-100 EUR and employees will receive approximately 120-125 EUR less as monthly net income.
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