LAW OF THE AZERBAIJAN REPUBLIC

On May 16, 2000 No. 881-IG

On regulation of debts on payments on compulsory national social insurance

Millie decides Majlis of the Azerbaijan Republic:

1. Debts of the companies and organizations which are in state-owned property and which controlling stock is owned by the state, and also the companies and the organizations transferred to the order of relevant organ of the executive authority for privatization in the procedure established by the legislation and which are not privatized till January 1, 2000 for payments on compulsory national social insurance for January 1, 2000:

in case of repayment till January 1, 2001 of 50 percent of debt the remained 50 percent and financial sanctions (the added penalty fee) applied to them are liquidated in complete size;

in case of repayment till July 1, 2001 of 70 percent of debt the remained 30 percent and financial sanctions (the added penalty fee) applied to them are liquidated in complete size;

in case of repayment till January 1, 2002 of 80 percent of debt the remained 20 percent and financial sanctions (the added penalty fee) applied to them are liquidated in complete size.

2. Outstanding for January 1, 2000 the kolkhozes, sovkhozes, intereconomic agricultural enterprises and other legal entities and physical persons (except processing enterprises) which are engaged in production of agricultural products, including poultry farming, debts on payments on compulsory national social insurance and financial sanctions (the added penalty fee) applied to them are liquidated in complete size.

3. Debts of the organizations and organizations for payments for compulsory national social insurance financed from the government budget for January 1, 2000 and the financial sanctions (the added penalty fee) applied to them are liquidated in complete size.

4. Part of debts, outstanding till January 1, 2000, before privatization of the state companies privatized according to "The state program of privatization of state-owned property in the Azerbaijan Republic for 1995-1998" for payments on compulsory national social insurance, and the financial sanctions (the added penalty fee) applied to them are liquidated in complete size.

5. This Law becomes effective from the date of publication.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info