August 8, 2020

"Azerbaijani entrepreneurs will receive financial support"- Azerbaijan Cabinet of Ministers

The Azerbaijani Cabinet of Ministers adopted a decree to provide the financial support to business entities

The Azerbaijani Cabinet of Ministers adopted a decree to provide the financial support to business entities.

According to the decree, the taxpayers working in coronavirus-affected areas, who received financial support and did not carry out serious job cuts in response to the appeal of the head of state to date, will receive financial support in the amount of a monthly wage fund in relation to the number of employees as of July 1, 2020.

Financial support will be paid on equal parts in two stages in August and September. At the same time, individual (micro) entrepreneurs in need of financial support who received a lump sum payment of 250 manat at the first stage will again receive financial support in the same amount. Taxpayers who received financial support in the first stage do not need to reapply.

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