Webinar by the CCIAF Tax, Legal, and Finance Committee

Webinar by the CCIAF Tax, Legal, and Finance Committee

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On April 17, 2020, CCIAF Tax, Legal, and Finance Committee organized a webinar on the topic of “COVID-19: Business support by the government. The webinar was attended by several company directors and representatives. The panelists were Arzu Hajiyeva (Chair of the Committee), Nazim Hajiyev (Deputy chair of the Committee) and Sharaf Asgarova (Deputy chair of the Committee).

The webinar started with the speech of Arzu Hajiyeva. She informed participants about the action plan for providing financial support to the business. She explained three directions of this action plan. In addition, Ms. Hajiyeva shared information about the changes in the application of mandatory health insurance.

Following her, Sharaf Asgarova talked about the government’s financial support to entrepreneurs and pointed out the state planned to be rendered to 300,000 entrepreneurs to pay a certain part of salaries to the hired working in the sectors affected as a result of the pandemic. She also explained how to register on the website – www.e-taxes.gov.az to receive the payment. Moreover, personnel issues were clarified in detail by Ms. Asgarova.

Next, Nazim Hajiyev briefed attendees about the financial situation in Azerbaijan. He talked about business loans, their three directions. He also noted that according to the state support, entrepreneurs get state guarantee for 60 percent of their new bank loans and the government provides subsidization of 10 percent of the interest for one year of the loans.

The webinar was followed by the Q&A session.

Watch full recording of the webinar on Youtube: https://www.youtube.com/watch?v=EWs4YJWvAAY

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