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RESOLUTION OF THE CABINET OF MINISTERS OF THE AZERBAIJAN REPUBLIC

of December 29, 2017 No. 621

About approval "Procedure for accounting of insurance means from unemployment and submission of the reporting"

(as amended on 05-03-2021)

For the purpose of ensuring execution of the sixth paragraph of subitem 1.1.4 of the Presidential decree of the Azerbaijan Republic "About application of the Law of the Azerbaijan Republic "About unemployment insurance" of June 30, 2017" of August 5, 2017 No. 1569, the Cabinet of Ministers of the Azerbaijan Republic decides No. 765-VQ:

1. Approve "Procedure for accounting of insurance means from unemployment and submission of the reporting" it (is applied).

2. This resolution becomes effective since January 1, 2018.

Prime Minister of the Azerbaijan Republic
Artur Rasi-Zade

Approved by the Resolution of the Cabinet of Ministers of the Azerbaijan Republic of December 29, 2017 No. 621

Procedure for accounting of insurance means from unemployment and submission of the reporting

1. General provisions

1.1. This Procedure is developed based on the Law of the Azerbaijan Republic "About unemployment insurance" and determines procedure for accounting of insurance means from unemployment and submission of the reporting.

1.2. The concepts used in this Procedure are used in the values determined by the Law of the Azerbaijan Republic "About unemployment insurance".

1.3. Sources of insurance means are determined by unemployment by article 21 of the Law of the Azerbaijan Republic "About unemployment insurance".

2. Fund of unemployment insurance

2.1. Insurance funds from unemployment are accumulated according to article 20.1 of the Law of the Azerbaijan Republic "About unemployment insurance" in fund of unemployment insurance.

2.2. The means which are saved up on insurance premiums from unemployment for every month are listed to the 1st day of the next month by the State Social Security Fund in subordination of the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic (further - Fund) into the treasurer account of Fund of unemployment insurance.

2.3. Insurance means from unemployment are spent for financing of the actions provided in article 19 of the Law of the Azerbaijan Republic "About unemployment insurance" and also in coordination with the President of the Azerbaijan Republic - other actions determined by the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic. Fund of unemployment insurance unused by the end of the year are allocated for financing of expenses of the next year.

2.4. The budget of fund of unemployment insurance for every year is performed according to the Law of the Azerbaijan Republic "About the budget system" and "The actions plan on coordination of transactions on creation, execution and control over execution of the State Budget, budgets of off-budget state funds", the approved resolution of the Cabinet of Ministers of the Azerbaijan Republic of July 12, 2004 No. 93.

2.5. Expenses of fund of unemployment insurance join in expenses of the consolidated budget.

3. Accounting of insurance means from unemployment

3.1. Accounting of insurance means from unemployment according to the Law of the Azerbaijan Republic "About unemployment insurance" concerning fund raising on insurance premiums from unemployment and to receipts from the administrative penalties applied for the administrative offenses provided in the Code of the Azerbaijan Republic about administrative offenses for violation of requirements of this Law conducts Fund, to receipts from the sources specified in 21.0.3, 21.0.4 and 21.0.5 articles of the specified Law and concerning expenses - the State employment agency in subordination of the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic.

4. The report submitted by insurers on unemployment insurance

4.1. According to article 8 of the Law of the Azerbaijan Republic "About unemployment insurance" the registered insurers shall keep count and accounting of insurance premiums from unemployment. Insurers after completion of quarter no later than the 20th day of the next month shall submit the quarterly statement on it in the Ministry of taxes of the Azerbaijan Republic of the form established by the specified Ministry.

5. Collection of amounts of debt, arisen from failure to pay or payment delay of insurance premium from unemployment

5.1. The amount which is not listed on account of Fund after the term established for payment of insurance premium from unemployment is considered debt.

5.2. Collection of amount of debt of the insurer who arose on insurance premiums from unemployment calculation of percent for untimely payment of insurance premiums from unemployment and return over the paid insurance premiums from unemployment is performed according to the procedure, established by the Tax code of the Azerbaijan Republic on taxes.

6. Procedure for submission of the reporting under insurance means from unemployment

6.1. Report forms about the income and expenses of fund of unemployment insurance and frequency of their representation are determined by the Ministry of Finance of the Azerbaijan Republic taking into account opinion of Audit Chamber of the Azerbaijan Republic and the Ministry of Labour and Social Protection of the population of the Azerbaijan Republic. Reports are submitted in the Ministry of Finance of the Azerbaijan Republic and Audit Chamber of the Azerbaijan Republic.

6.2. The Audit Chamber of the Azerbaijan Republic draws the conclusion on the budget statement of Fund of unemployment insurance and reports on its execution.

7. Control of execution of procedure for accounting of insurance means from unemployment and submission of the reporting

7.1. Control of execution of procedure for accounting of means of unemployment insurance and submission of the report perform the relevant local organizations of Fund and the Ministry of taxes of the Azerbaijan Republic in the following procedure:

7.1.1. local organizations of Fund - by electronic monitoring of observance of requirements of the Law of the Azerbaijan Republic "About unemployment insurance" and monthly, quarter and annual reconciliation with the Ministry of taxes of the Azerbaijan Republic of receipts of insurance premiums from unemployment;

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