SFSP PLANS TO INCREASE AMOUNT OF OBLIGATORY SOCIAL INSURANCE OF LEGAL ENTITIES UP TO 35 BILLION MANATS
The State Fund of the Social Protection (SFSP) plans to increase till the year-end the amount of obligatory social insurance of legal entities in Baku up to 35 billion manats, head of SFSP Salim Muslimov told the news conference on 26 August, Trend reports.
According to him, a number of measures on increase of the volume of the obligatory social insurance is taken. The department on work with legal entities in Baku is set up and it is charged with all functions on payment of social fees and supervision in 11 administrative districts of the capital city. The staff of the department, functioning since 4 July is 110 persons.
He reported, the goal of the fund is to increase the current collection of fees from legal entities in Baku ranging from 21 billion manats to 35 billions manats.