Mechanism of payment of wages to employees published - Procedure

16:54 - 8.04.2020


April 8, Fineko/abc.az. A mechanism for paying a certain part of wages to employees working on an employment contract has been unveiled with the purpose to prevent the reduction of the number of jobs in spheres affected by the pandemic.

ABC.AZ. was informed at the Ministry of Economy that this measure provides state financial support to entrepreneurs in the amount of AZN 215 million to pay a certain part of the salary of 300,000 employees (who have an employment contract) working in the areas of activity and clusters affected by the pandemic.

As part of this mechanism in the Internet Tax Office of Taxpayers (www.e-taxes.gov.az) on the basis of applications submitted through existing e-offices, a certain part of the salary and related social insurance contributions that must be paid to their employees within a short period of time will be transferred to the bank accounts of employers.

 

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