Legislative Update Newsletter - June 8, 2017

Legislative Update Newsletter - June 8, 2017

Periodic review of recent changes in the Azerbaijani legislation, adopted by governmental and regulatory bodies, as well as draft amendments to Azerbaijani legislation that could significantly impact your business.

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In this issue:

Draft amendments to the Law of the Republic of Azerbaijan on “Social Insurance”

Document: Draft Law of the Republic of Azerbaijan on amendments to the Law of the Republic of Azerbaijan on “Social Insurance”

Commentary: Draft law stipulates amendments and additions to the rates of social insurance contribution and to the income exempted from social insurance contribution.

© 2017 KPMG Azerbaijan Limited, a company incorporated under the Laws of the Guernsey, acting through its Representative Office in the Republic of Azerbaijan, a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in Azerbaijan.

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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