Number of concluded employment contracts has increased

11:35 - 14.10.2021

October 14, Fineko/ The State Tax Service has spread information about the results achieved in the field of tax revenues and social insurance payments.

ABC.AZ reports that for Jan-Sept 2021 the State Budget received AZN 6.354 bn of tax transfers from the Service.

74.1% of taxes paid accounted for the nonoil sector and 25.9% for the oil & gas sector.

As a result of the creation of legislative incentives for the transparency of labor relations between the policyholder and the insurer, the conclusion of labor contracts and the indication of the real amount of wages in them, an increase in the number of employees and concluded labor contracts, as well as the wage fund, was recorded in the labor market of the country.

Most of this growth accounted for the private sector.