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  • Updated 09.06.2020 11:43
  • Created 08.06.2020 17:50

Financial support for entrepreneurs affected by Coronavirus (COVID-19) pandemic is going on

 

In accordance with the Action Plan approved by the Cabinet of Ministers in connection with the implementation of paragraph 10.2 of the Order of the President of the Republic of Azerbaijan dated March 19, 2020, as of June 7, a total number of 142.609 taxpayers affected by the coronavirus pandemic (COVID-19), of which 28.319 taxpayers and 114.290 individual (micro) entrepreneurs, applied to the Ministry of Economy to get financial support to be able to pay a certain part of salaries to their employees.

The appeals received from 24.169 entrepreneurs concerning the payment of part of the salaries of 208.799 hired employees were considered, approved and submitted to the Ministry of Finance to transfer these funds to the taxpayers' bank accounts. The appeals of other taxpayers are under consideration. The amount of financial support on the currently approved appeals constitute 95,77 million manat, including the amount of funds to be paid at the second stage, which is 47,88 million manat. As of June 7, the State Treasury Agency of the Ministry of Finance ensured the transfer of funds in the amount of 87,71 million manat to 23.584 taxpayers for paying salaries to 203.121 hired employees, including 40.25 million for the 2nd month (50%).

As part of the financial support program, to private (micro) entrepreneurs, 114.290 appeals were received, 106.771 of which were approved and submitted to the Ministry of Finance for transferring the allocated funds to taxpayers' bank accounts. The volume of financial support for the approved appeals constitutes 61.54 million manat. As of June 7, the State Treasury Agency of the Ministry of Finance had already secured the transfer of 60.83 million manat to the bank accounts of 101.698 individual (micro) entrepreneurs.

The ministry stressed that the information on the results of filing applications within the financial support program and the transfer of funds to a bank account is sent in the form of notifications to the e-cabinets of taxpayers in the Internet tax office (www.e-taxes.gov.az ) and SMS to the mobile phones. In case of any questions, taxpayers may contact the call center via "195" of the State Tax Service and local tax authorities, in which they have been registered. You can get information on legislation acts, decisions, video-instructions on state-support mechanisms to entrepreneurs working in the fields affected by pandemic and economic growth, frequently asked questions and their answers, constantly updated list of taxpayers who receives financial support, as well as other useful information by using the following links.

For more information:

The Ministry of Economy of Azerbaijan Republic: https://bit.ly/3c7VAAt

State Tax Service under the Ministry of Economy of the Republic of Azerbaijan: https://bit.ly/2VlICZ7

 

INFORMATION ON THE IMPLEMENTATION OF PARAGRAPHS 2 AND 3 OF THE SECTION “SUPPORTING ECONOMIC GROWTH AND ENTREPRENEURSHIP” OF THE ACTION PLAN APPROVED BY THE CABINET OF MINISTERS IN ACCORDANCE WITH PARAGRAPH 10.2 OF PRESIDENTIAL DECREE NO. 1950, DATED MARCH 19, 2020:

 

Report on the payment of a certain part of wages to employees

  (as of 07.06.2020)

The amount of funds provided for the implementation of measures

215,0 mln.manat

Number of taxpayers who applied for support

 Number of employees of taxpayers

28.319 tax payers

 

259.119 people

The amount of financial support

including the amount payable for the 2nd month (50%)

95.774,2 thousand manat

47.887,1 thousand manat

The number of actual taxpayers who received payments

23.584 tax payers

The number of employees of these taxpayers

203.121 people

Amount paid

87.711,2 thousand manat 

including the amount paid for the 2nd month (50%)

40.256,9 people

 

 

INFORMATION ON THE IMPLEMENTATION OF PARAGRAPHS 2 AND 3 OF THE SECTION “SUPPORTING ECONOMIC GROWTH AND ENTREPRENEURSHIP” OF THE ACTION PLAN APPROVED BY THE CABINET OF MINISTERS IN ACCORDANCE WITH PARAGRAPH 10.2 OF PRESIDENTIAL DECREE NO. 1950, DATED MARCH 19, 2020:

 

Report on financial support for individual (micro) entrepreneurs

  (as of 07.06.2020)

The amount of funds provided for the implementation of measures

80,0 mlnmanat

Number of taxpayers who applied for support

114.290 tax payers

The number of taxpayers whose application has been investigated

Amount of financial support

106.771 tax payers

61.543,1 thousand manat

The number of actual taxpayers who received payments

101.698 tax payers

Amount paid

60.834,8 thousand manat

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