Let's discuss taxation, retirement, and social rights for long-term immigrants in Bulgaria and Israel.
A necessary, if not thrilling, topic. Bulgaria and Israel differ significantly in these areas.
In Bulgaria, resident immigrants are generally taxed on worldwide income.
Israel is similar; global income is taxable for residents, although new immigrants receive initial tax breaks.
Bulgaria has a straightforward flat income tax rate.
Israel employs a progressive tax system, where higher earners pay higher rates.
Bulgaria's retirement age is gradually increasing.
Israel's retirement age is also rising, with mandatory pension contributions.
Bulgaria offers a social insurance system covering healthcare and unemployment.
Israel has a national insurance system with additional allowances like maternity grants.
Bulgaria's EU membership ensures certain worker rights and social protections.
Israel's labor laws and social programs may sometimes differ from international norms.
Bulgaria's lower cost of living makes pensions stretch further.
Israel is more expensive, but offers a vibrant cultural scene and better weather.
Ultimately, both countries present a balancing act of advantages and disadvantages.
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