The decision on the “Approval of the Rules for Business Trips for Employees” originally issued on January 18, 2012, has been amended. In response to these changes, the Chairman of the Collegium of the Ministry of Finance, Minister Samir Sharifov, has signed a new decision.
Under the original rules from January 18, 2012, the inviting party within the country was required to allocate 30% of the established daily rate for daily expenses (covering meals, communication, local transportation, and other services), and 70% for accommodation costs (applicable for each calendar day of the...
Stages for Transitioning Employment Contracts to Electronic Document
Decision of the Cabinet of Ministers of the Republic of Azerbaijan on Determining the Stages for Transitioning Employment Contracts to Electronic Document Format by Employers were signed and published on September 17th, 2024.
The decision provides a precise framework for employers regarding the implementation and transition of employment contracts to electronic document format. It outlines the specific timelines and categories of employers required to comply with this transition, ensuring clarity and accountability in the process.
Employers are mandated to adhere to the stipulated deadlines...
Why is HR policy so important for a company?
Have your company ever faced with the situation that an HR of your company trying to solve some issue regarding the behavior, performance, communication or misunderstanding among employees, or trying to implement some new changes in terms of staff, its hiring process, termination, promotion, etc. But coming to justify and be sure about the compliance of the process with the effective up to dated legislation, or to explain it to staff, some possible gaps appear.
The reason for this, is surely not having a related HR policy that cover all details and instructions that prepared in compliance with...
Recent changes in Azerbaijan’s Labor Code
In August 2024, Azerbaijan introduced significant amendments to its Labor Code, focusing on the establishment and termination of labor relations, specifically employment contracts.
Enhanced Employer Responsibilities
Effective August 12, 2024, the amendments have brought several positive changes to the Labor Code, making the labor system more efficient and supportive for both employers and employees. Employers now face clearer and more comprehensive obligations. They must ensure timely and complete payments for compulsory medical insurance, state social insurance, unemployment insurance, and...
The Significance of the newly adopted Law “On Arbitration”
The Law “On Arbitration” dated December 26, 2023 was published on January 25, 2024. Considering the fact that arbitration courts in Azerbaijan does not operate and the country implemented the decisions of the International Court of Arbitration, the adoption of this Law has significant role in our legislation history. The Decree of the President of the Republic of Azerbaijan contains the necessary points on implementation of the Law and considers the preparation of draft law on Private International Law within six months. As it is undeniable fact that the newly adopted Law “On Arbitration”...
Effective dates for the implementation of electronic accounting for medium-sized enterprises.
Decree of the President of the Republic of Azerbaijan on the implementation of the “ Amendments to the Law of the Republic of Azerbaijan “On Accounting” and on the regulation of some related issues” was published on January 22, 2024. This Decree exactly indicates the effective dates for the implementation of electronic accounting that should be carried out by medium-sized enterprises. In accordance with the Law of the Republic of Azerbaijan “On Accounting” the process should be implemented in the following stages:
Persons who provides financials services defined by the Tax Code of the...