Balance of mandatory social contributions of the wage bill should be changed in favor of the employer, the chairman of the State Social Protection Fund (SSPF) Salim Muslimov said.
As he said at a press conference about the increase in the base part of labor pensions in the current rate of contributions for social insurance is 25 %, of which 22 % is paid by the employer, and only 3% is deducted from the salary of the employee.
"Also just and rational is the scheme "18 +7". Then the employers will voluntarily allocate funds not hiding the true size of their salaries," says Muslimov.
State Fund has taken the initiative to the government of the country in the hope that it is implemented by the beginning of 2014, the chairman of the fund said. - 17D-
Economics
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Azerbaijan's Small and Medium Business Development Agency (SME) and the Iraqi Federation of Chambers of Commerce have formalized a significant step towards enhancing bilateral economic ties with the establishment of the Azerbaijan-Iraq Business Council. The agreement, signed by Orkhan Mammadov, Chairman of the Board of Directors of SME, and Abdulrazag Al-Zuheir, President of the Iraqi Federation of Chambers of Commerce, comes within the framework of the Azerbaijan-Iraq Business Forum.
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Azerbaijan officially presented the updated digital government platform "myGov" at an event on September 17 in Baku, marking a significant step in the country's digital transformation. The event was attended by government officials, private sector leaders, media representatives, and industry experts.
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Minister of Economy Mikail Jabbarov held a meeting with the World Bank's Regional Director for Sustainable Development for Europe and Central Asia, Sameh Naquib Vahba, to review the ongoing and potential areas of collaboration between Azerbaijan and the World Bank. Both sides expressed their satisfaction with the progress made in joint projects aimed at boosting economic diversification and infrastructure development in Azerbaijan.
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Azerbaijan officially presented the updated MyGov digital government platform today in the capital city of Baku, marking a significant milestone in the nation’s ongoing digital transformation.
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