Quantity of employment contracts increased more than by 44%

17:54 - 14.04.2022


April 14, Fineko/abc.az. As of 1 April 2022 the number of employment contracts concluded in the private nonoil sector reached 779,476 contracts, ABC.AZ informs with reference to the State Tax Service under the Economy Ministry. This is 239,554, or 44.4% more than in early 2019, when the reform in the direction of transparency of labor relations began.

"A significant increase of income from compulsory state social insurance and unemployment insurance contributions is an indicator of the processes of transparency in the labor market and indicates the fiscal effect of the application of income tax benefits," the report says.

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