Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

LAW OF THE AZERBAIJAN REPUBLIC

of December 31, 1991 No. 40

About standard rates of assignments on social insurance and in fund of employment

The national council of the Supreme Council of the Azerbaijan Republic decides:

1. Determine that since January 1, 1992 in the territory of the Azerbaijan Republic assignments on social insurance constitute 37 percent of the salary fund. 80,5 of percent of this amount arrives in the pension fund, percent 19,5 - in Social Insurance Fund.

2. For the purpose of rational operation of the Law of the Azerbaijan Republic "About employment of the population" and according to the Law of the Azerbaijan Republic "About the income taxes and separate income types of legal entities in the Azerbaijan Republic" to determine that since January 1, 1992 in the territory of the Azerbaijan Republic contributions to the State fund of the help of employment of the population constitute 2 percent of the salary fund.

3. Determine that in 1992 obligatory contributions of citizens to the pension fund constitute 1 percent of compensation.

4. This Law becomes effective from the date of signing.

 

President of the Azerbaijan Republic A. MУТАЛЛИБОВ

 

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